Box office will fall to $5.5 billion this year from $11.4 billion in 2019, the analysts project
Analysts at MoffettNathanson are projecting that overall video consumer spending in the U.S. will, for the first time ever, decline in 2020.
. They expect the box office to rise to $9.7 billion in 2021 before steady declines to $8.5 billion in 2024. "I can't imagine another time when spending on video has fallen this dramatically," MoffettNathanson's Michael Nathanson tells. "Usually in recessions, spending goes up as it is cheaper to see a movie or watch cable than go on vacation."
Over the past year, however, "we have been repeatedly asked about the future direction of this spending" given the explosion in streaming options and the acceleration in cord-cutting, the analysts acknowledged.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Wrap Editor-in-Chief Apologizes for Controversial Guest Blog on George Floyd VideoThe Wrap’s editor-in-chief Sharon Waxman and executive editor Thom Geier have apologized for a controversial guest blog about the filming of the widely spread George Floyd video. “Due t…
Read more »
Video shows prison guard and his brother mocking George Floyd killingThe video, which was filmed by someone marching, garnered tens of thousands of views and shares on social media and it showed a man kneeling on the neck of another man shouting unintelligibly back at protesters.
Read more »
TikTok CEO Mayer meets with EU commissioner about fighting disinformation on the short video appThe discussion between TikTok CEO Kevin Mayer and EU commissioner Thierry Breton highlights the Chinese-owned app's drive to work with regulators amid scrutiny of the platform from authorities, particularly in the U.S.
Read more »
Video released in fatal shooting of unarmed black man by N.J. state trooperA friend of Maurice Gordon, 28, called 911 a day before his death to say he was concerned about Gordon, who had recently left his home and was acting 'a little weird.'
Read more »
I tested every major online therapy website, preferred without video - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Video evidence increasingly disproves police narrativesClaims made by police are increasingly being disproved by videos seen widely on the internet and TV. Police departments deny lying but acknowledge sometimes making mistakes when releasing information in fast-moving, complicated situations.
Read more »