US Box Office Sales Collapse To Just $5,179; Was $204 Million During Same Period Last Year
By Tyler Durden
ZeroHedge.com
Thu, 04/02/2020
As millions of Americans spend quality time with their families to avoid the global pandemic, box office sales across the US have predictably cratered – falling to just $5,179 from March 20 through March 26 as movie theaters across the country remain shuttered.
During the same week in 2019, ticket sales were over $204 million – thanks to “Captain Marvel” and “Us.”
The Domestic Box office (movie theaters) brought in a whopping $5,179 for the week of Mar 20-26. Down 100% from $204,193,406 the same week a year ago… These numbers are just incredible.
— Strider Elass (@StriderElass) March 31, 2020
So far this year, domestic box office sales are down $600 million year-over-year according to The Hollywood Reporter.
Domestic ticket sales turned in a combined $1.81 billion from Jan. 1 through March 19, the day when Comscore stopped reporting theater grosses. That compares to $2.41 billion for the first full three months of 2019, according to Comscore.
In March of this year, revenue came in at a mere $255.7 million as new product underwhelmed at the beginning of the month before moviegoing started slowing and then came to a standstill. That compares to $612.8 million for the March 1-19 stretch last year, making for a decline of 58 percent. When counting all of March 2019 ($967.8 million), the year-over-year dip for the month was 74 percent. -The Hollywood Reporter
Earlier in the week, AMC Theaters CEO Adam Aron predicted that it might take until mid-June before they’re back in business.
We’re not so sure.
