The International Union of Cinemas (Unic) has unveiled its annual report highlighting recent developments within Europe’s theatrical industry during the pandemic. The org looks at 43,000 screens across 38 territories for its study.
This year’s findings, presented during exhibition trade show CineEurope, show that European movie theaters suffered a 70.4% year-on-year drop to €2.6 billion ($3 billion) in box office revenue in 2020. In terms of admissions, there was an annual drop of 68.4% to 430 million tickets sold.
Unic estimates that as much as €4.5 billion ($5.2 billion) were lost in other revenues for the European industry.
European theaters were on a path of steady growth when they were hit by the pandemic, having increased by 34% between 2000 to 2019 during the last two decades. 2019 was a particularly strong year as European cinemas grossed over €8.8 billion at the box office and attracted more than 1.34 billion cinema-goers.
While cinemas were shut down for most of the year and U.S.
This year’s findings, presented during exhibition trade show CineEurope, show that European movie theaters suffered a 70.4% year-on-year drop to €2.6 billion ($3 billion) in box office revenue in 2020. In terms of admissions, there was an annual drop of 68.4% to 430 million tickets sold.
Unic estimates that as much as €4.5 billion ($5.2 billion) were lost in other revenues for the European industry.
European theaters were on a path of steady growth when they were hit by the pandemic, having increased by 34% between 2000 to 2019 during the last two decades. 2019 was a particularly strong year as European cinemas grossed over €8.8 billion at the box office and attracted more than 1.34 billion cinema-goers.
While cinemas were shut down for most of the year and U.S.
- 10/5/2021
- by Elsa Keslassy
- Variety Film + TV
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