Hollywood endured one of the slowest Octobers on record. In September, the world’s second-largest theater chain, Cineworld, filed for bankruptcy. The film’s success provided filmmakers a needed boost after some slow months. Rather than replace him, the sequel promotes Boseman’s female costars, building a narrative around his character’s death and Wakanda’s collective struggle to survive. Chadwick Boseman, the film’s star, passed away from colon cancer at 43. The first “Black Panther” proved the marketability of films with mostly Black casts, and the box-office might of Black patrons.Īnd then, in 2020, the Black Panther died. The new Marvel film boasts an origin story worthy of cinematic treatment. “Wakanda Forever” ranks 13th all-time, not far behind the original, prepandemic “Black Panther,” which collected $202 million. “Doctor Strange in the Multiverse of Madness,” released in May, ranks 11th, with $187 million. “Spider-Man: No Way Home,” released in December 2021, reaped $260 million on opening weekend, the second-highest gross on record, according to industry tabulator Box Office Mojo. Three of the 20 biggest opening weekends in Hollywood history have come during the pandemic. You wouldn’t know it from the box-office charts. “Instead of it happening over a 10-year period, COVID accelerated it to happen over a two-year period.”
“All of this would have happened without COVID,” Newman said.
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Movie houses recovered somewhat in 2021, but digital services remained dominant, pushing the industry total near $37 billion. In 2020, the market sank to $32 billion, as more theatergoers retreated to their homes. theatrical and home entertainment market in 2019. “The entire industry is in a state of disarray and anxiety and confusion,” said Peter Newman, a film producer who heads the joint MFA/MBA Dual Degree Graduate program at New York University.įilmgoing habits “have changed profoundly,” he said, “and maybe permanently.”Įven before the COVID-19 pandemic, streaming services and other digital options accounted for nearly two-thirds of a $36 billion U.S. Yet, just a year earlier, in pre-pandemic 2019, receipts topped $11 billion. Compared to 2020, when theaters collected barely $2 billion, business is booming. Theater owners expect to reap as much as $8 billion in ticket sales by year’s end. If the $181 million collected at multiplex box offices over the weekend from patrons of “Black Panther: Wakanda Forever” is a guide, moviegoing is back. But box office figures have not returned to 2019 levels, and experts say the pandemic may have accelerated a societal retreat from movie theaters.This year has seen a rebound in ticket sales, driven by blockbusters including “Wakanda Forever” and “Doctor Strange in the Multiverse of Madness.”.Moviegoing plummeted in 2020 amid the COVID-19 pandemic.
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