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%.
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