Box Office Down by 92% in Asia as Coronavirus Wipes Out First Half Year
By now it is common knowledge that the coronavirus pandemic has been bad for cinema box office. New data for the Asia-Pacific region shows just how bad.
Figures from S&P Global Market intelligence and OPUSData depict a 92% collapse between January and June, compared with the first half of last year. Aggregate cinema revenue was just $603 million in six months.
In a normal year, Asia is the world’s most lucrative box office region worth more than $17 billion annually. It also includes the three largest national markets outside North America; China, Japan and South Korea.
Image Credit: CJ E&M