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Hollywood movie box office slumped to near 40-year low in 2020

A closed Regal movie theatre [Photo: Elijah Nouvelage]

Hollywood movies suffered an unprecedented 80% slump in box office revenue in North America in 2020 as the coronavirus pandemic closed movie theatres and studios held back the release of scores of new films. Research firm Comscore said in an end-of-year report on Tuesday that the North American box office brought in $2.2 billion in 2020, compared with $11.4 billion for 2019. 

Read Also: Covid-19 last straw? Why entertainment industry is in its knees

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