Digital Entertainment Is More than Triple the Global Box Office [IndieWire]

Digital Entertainment Is More than Triple the Global Box Office [IndieWire]

(Above) Spider-Man: No Way Home found massive box office success, even amid the global pandemic.

 

By Tom Brueggemann

March 14, 2022 | The Motion Picture Association’s 2021 Theatrical and Home Entertainment Market Environment report reflects a recovering entertainment market utterly dominated by streaming and VOD. Combined global theatrical and home entertainment revenue represented $99.7 billion in 2021. In 2020 that number was $80.8 billion; in 2019, $101 billion.

The more impressive 2021 figure, however, is $71.9 billion came from digital and discs — a category that includes VOD and streaming across all major studios and Netflix. In 2020, when theaters experienced global shutdowns, digital represented $61.8 billion; in 2019, that figure was $58.8 billion.

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