Internet-based services are about to see their world undergo a sea change. New EU regulation is in the offing, in the shape of the new Digital Services Act Package which aims at modernising the current legal framework for digital services. But what will be the impact of this legislative proposal on the audiovisual
December 20, 2020
2020 was a mess for movie theaters. The pandemic led to a massive decline in global ticket sales due to government-mandated theater closures and people’s fears of contracting the novel coronavirus in enclosed spaces.
But even before Covid-19, the movie theater industry was changing. The North American market, classified as the US and Canada, has been the world’s largest for decades. That was true in 2019, with the two countries netting a combined $11.4 billion in box office revenues (The US and Canada are often analyzed as one market by movie financial analysts). But revenues from North America have shown little growth over the last decade, and the rest of the world is catching up. This means an increasingly globalized theater market, and a Hollywood incentivized to make movies to appeal to the world’s emerging markets, not just Americans.