2021 box office was a major recovery from 2020 but was still far below 2019, suggesting the road to box office recovery is still a long way away.
The 2021 domestic box office was up quite a bit from 2020 but could not come close to the revenue of 2019. The film industry took a major hit in 2020 as theaters closed down due to the COVID-19 pandemic, and studios adapted to releasing films in an uncertain time on streaming while also delaying many major releases. 2021 saw theaters start to slowly open up as vaccines became more available, and many major releases were released, hoping to draw audiences safely to the movie theaters.
2021 has seen some box office success stories, like the massive opening weekend of Spider-Man: No Way Home, which has become the 11th highest-grossing film of all time at the domestic box office unadjusted for inflation. Yet even some hits have had marks against them, like in the case of No Time To Die, which is still reportedly set to lose money despite it grossing $774 million worldwide.
There were a number of factors that account for this massive gap between 2019 and 2021. The COVID-19 pandemic was the largest factor, and that some theaters didn't start opening until mid-March to Memorial Day weekend, leaving many months with fractured box office. Studios also released many of their films on streaming day and date with theaters, cutting into the overall box office.
While 2021 was down from 2019, the fact that it was so far up from 2020 is a promising sign. 2022 will begin with theaters fully open, something that 2021 did not, and will feature a number of high-profile releases like The Batman, Jurassic World: Dominion, and Avatar 2. With the various studios returning to a 45-day theatrical window, and the vaccine more readily available, it is likely that the 2022 box office will rise above 2021.
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