It's no secret that the way we watch movies has changed dramatically in recent years. The COVID-19 pandemic forced theaters to close for months on end in 2020 , fundamentally reshaping Hollywood with the industry doubling down on streaming. While studios have largely realized that they still need movie theaters and revenue from the box office, it's been a very slow climb to return to a semblance of normalcy in that department. Unfortunately, a new report offers a sobering reality. In short, we may never return to pre-pandemic standards when it comes to ticket sales.
PwC's annual media and entertainment outlook report was released recently, and, per The Hollywood Reporter , the prospects for the box office are not great. The firm expects the industry to finish with $9.6 billion domesti