The Motion Picture Association released its annual report on box office and home entertainment, and the bottom line is sobering but little surprise after a year of Covid closures.The U.S./Canada box office market was down 80% in 2020, to $2.2 billion, while tickets sold were down 81% to 0.24 billion.Still, that was offset by home and mobile entertainment, which increased to $30 billion, up 21% from a year earlier.
The number of online video subscriptions increased 32% to 308.6 million.“Perhaps most significantly, during an otherwise punishing year for theatrical exhibition and our industry at large, home and curated entertainment boomed,” MPA chairman Charles Rivkin wrote in the report.
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