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European Box Office Drops $7 5 Billion in 2020 Due to COVID-19

The UGC Odeon cinema on Dec. 15, 2020 in Paris. European cinemas saw a 70.6 percent box-office decline as COVID-19 lockdowns wiped $7.5 billion off theatrical revenues. European cinemas were battered by the COVID-19 pandemic, with box office falling across the continent, resulting in billions in lost revenue.  Figures released Thursday by the International Union of Cinemas (UNIC), a cinema industry body, showed a box office drop of 70.6 percent across Europe in 2020, with theatrical revenues plunging a total of $7.5 billion (€6.2 billion) across 38 European territories.  The declines comes after a strong 2019, which saw admissions top 1.34 billion across Europe the highest figure in 15 years and box-office figures hit $10.65 billion (€8.8 billion). 

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