Spending on digital home entertainment hit $48.7 billion in 2019, up 24% from the previous year.
Global box office revenue hit a record in 2019, thanks to “Avengers: Endgame” and “The Lion King.” But the cinema was no match for the booming market for online viewing.
Worldwide theatrical ticket sales were $42.2 billion, up 1% from the prior year, said the MPA, the Washington-based lobbying group that represents the major Hollywood studios and Netflix. “The film, television and streaming industry continues to transform at a breakneck pace — and as this report will show, audiences are the big winner,” wrote MPA Chief Executive Charles Rivkin in the report.
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