Movies took a big hit this year because of the COVID-19 pandemic. Since the pandemic first hit in early 2020, theaters had to shut down, causing billions of dollars in lost ticket sales.
In fact, this year marked the first time in nearly five decades where no studio movie grossed more than $59 million. As the pandemic progressed, some theaters were able to re-open with a very limited amount of people being allowed in at a time to see movies.
Along with theater re-openings, people were also able to get their new movie fix with movies being released on-demand, letting them be able to sit in the safety of their homes and watch movies.