The world is still confused about the calculations of the losses caused by Corona in all areas, its size, and the extent of its impact in the near future. The same applies to the film industry, where billions of US dollars are put into it annually.
In recent years, concerns have increased about a decline in film production, and thus revenues, and the matter has worsened in light of the Corona pandemic.
It is difficult to imagine what cinema will look like in the future, but it is certain that the majority of filmmakers will try to keep up with the events and address their various aspects, but the world will witness many works that will be overcome by speed, imprecision, or low quality often, and only a few will survive them artistically.
These and other businesses will face great obstacles, most of which are related to the possibility of implementation or lack thereof, the size of the budget allocated, and of course the methods of presentation and distribution, in light of the great fear of the risk of rapid entry into productions that do not achieve material gains that cover production costs, at least. Bearing in mind that the return of the public to cinemas, as before, is still the topic of great suspicion and ambiguity.
Since last March and with the beginning of the lockdown imposed by countries, and the closure of cinemas, the suspension of production for a few months, and their return to work after the implementation of preventive measures, which led to widespread increases in the use of online platforms, and the films that are usually shown in the cinema, Released directly on on-demand platforms
The proliferation of alternative platforms during the ban period provided the opportunity for many independent films to reach a larger audience, and it also led to the creation of new means of producing drama remotely.
For example, Disney is presenting its new films directly on its platform; And it became a rival to Netflix, whose shares rose a lot, and doubled the number of its subscribers by a large percentage.
According to the statista website, The North American box office had its worst year in more than three decades, at nearly $ 2.1 billion, with profits down more than 80% from the previous year. This has caused film studios to delay movie releases until later in the year, hoping that things will return to normal by then.