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Hollywood saw an unprecedented 80% slump in box office revenues in North America in 2020.
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That's almost a 40 year low, according to historical data from Box Office Mojo research firm comScore.
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End of year report has also stated that North American box office is brought in just $2.2 billion in 2020 compared to $11.4 billion in 2019.
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With movie theaters closed across the world due to lock down measures, studios were forced to delay release dates for scores of new films.
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Some firms, like AMC Entertainment, were brought to the brink of bankruptcy theaters is still yet to reopen in the biggest U.
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S markets of Los Angeles and New York City, there will be nothing left to save.
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Some 274 movies, including blockbusters like No Time to Die, A Top Gun Maverick and the Ninth Fast and Furious Action Film, were forced to move their release dates to 2021.
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That left Sony Pictures cop caper Bad Boys for Life, released in January last year as the top earning movie in North America for 2020 with $206 million it will open the right doors.
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Guerrilla tenets from Warner Brothers, which hoped Attempt Movie goes back to theaters in the summer, took just $58 million in the U.
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S.
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And Canada use it carefully.
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One media analyst for comScore said that the 2020 revenue, much of it from driving venues, was actually grounds for hope.
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Some industry observers feared the figure would be even smaller.
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ComScore did not release worldwide data for 2020 but entertainment newspaper Variety reported that global return slumped some 71%.