Top theater chain AMC saw its revenue plummet in 2020 at the height of the pandemic and as new streaming services began to form. Now it's making a comeback.
The domestic box-office numbers plummeted from 2019's box office of $11.15 billion to $3.8 billion in 2021. That's mainly due to the Covid-19 pandemic, which kept people in their homes.
As the pandemic escalated, film studios tried solidifying their streaming services and shoring up subscribership.and other major theater chains in the U.S. were heavily impacted by this change. Small, independent theaters closed permanently, and some bigger chains shuttered theaters for months. According to the National Association of Theatre Owners, roughly 1,000 screens out of 42,000 closed during the pandemic.
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