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.
Overall, the combined theatrical and home/mobile market was $32.2 billion in 2020, from $36.1 billion a year earlier.
The combined global theatrical and home/mobile entertainment market dropped to $80.8 billion in 2020, from $98.3 billion a year earlier.
Meanwhile, the MPA’s Classification and Rating Administration rated 497 films in 2020, up from 488 in 2019.
More to come.