SA's 2020 cinema box office gross plunges R1.2 billion due to Covid-19

0:00
play article
Subscribers can listen to this article
Cinemas are struggling.
Cinemas are struggling.
Photo: Karen Zhao on Unsplash

In 2020 South Africa's total box office revenue plunged by R1.2 billion to R214 million compared to 2019 – the lowest in over a decade – according to a shocking new industry report laying bare the devastation that the economic shutdown due to the pandemic has wrought on cinemas as part of the country's struggling TV and film industry.

The report's research is further evidence of why cinema chains like Cine Centre, Nu Metro and Ster-Kinekor are struggling. Ster-Kinekor entered voluntary business rescue at the beginning of 2021, while the number of remaining independent cinemas in the country struggle to keep head above water.

According to the just-released South African box office 2020 report by the National Film and Video Foundation (NFVF), South Africa in 2020 released just 96 films at the box office, 6 of which were locally produced films.

These six films earned a total of R7.6 million in box office revenues and had a market share of just 3.5%.

Click on the link to read more.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Lockdown For
DAYS
HRS
MINS
Voting Booth
Is social media doing more harm than good?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, our children are exposed and we can't protect them
49% - 4115 votes
Yes, but social media is part of the new reality
46% - 3804 votes
No, it's great for growing a child's world view
5% - 409 votes
Vote
USD/ZAR
14.06
-1.0%
GBP/ZAR
19.68
-0.4%
EUR/ZAR
17.10
-0.3%
AUD/ZAR
11.03
-0.3%
JPY/ZAR
0.13
-0.6%
Gold
1,830.44
+0.9%
Silver
27.44
+0.5%
Palladium
2,933.04
-0.6%
Platinum
1,256.51
+0.1%
Brent Crude
68.09
-1.3%
Top 40
62,573
+1.4%
All Share
68,520
+1.4%
Resource 10
71,474
+2.1%
Industrial 25
86,856
+0.9%
Financial 15
12,711
+1.1%
All JSE data delayed by at least 15 minutes Iress logo