Hollywood suffered 80% decline in Box Office revenue in 2020 amid Covid pandemic
Coronavirus pandemic affected the Hollywood film industry immensely just like any other money-making institution. The box office revenue of Hollywood films declined by 80% in North America in 2020. According to research firm Comscore, the North American box office earned just $2.2 billion in 2020 in comparison to $11.4 billion for 2019. This is because movie theaters and studios were closed amid the pandemic.