Hollywood box office revenues drop 80% as coronavirus devastates American cinema

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Some 274 films – including blockbusters like the Bond film No time to die, Top Gun: Maverick and the ninth Fast and furious action movie – have been moved to the 2021 release dates, according to the Comscore report.

That left the Sony Pictures cop Bad boys for life, released in January of last year, as the highest grossing film in North America for 2020 with $ 206 million. In 2019, Avengers: Endgame led the domestic box office with $ 858 million.

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Christopher Nolan’s Principle, which Warner Bros. was hoping to get punters to return to theaters this summer, took just $ 58 million from the US and Canada.

Paul Dergarabedian, senior media analyst at Comscore, said 2020 revenue – largely from drive-ins – was cause for hope as some industry observers feared the figure was even smaller.

“This should be extremely encouraging for anyone who feared that cinema was not coming back at all,” Dergarabedian said.

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Read more: More woe for cinemas as Netflix plans to record 70 movies this year

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