The cinema industry could lose between $20-$31 billion in revenues in 2020 due to the effects of the coronavirus pandemic, compared to the robust $42 billion it generated last year, according to media and tech research firm Omdia.
“Year on year, we are around 70% down from last year,” said David Hancock, director for cinema at Omdia. Hancock delivered a presentation summing up the current state of the industry at the virtual CineEurope conference on Wednesday.
Read more: https://variety.com/2020/biz/news/cineurope-omdia-mulan-tenet-wonder-woman-1984-1234638226/