Story perspectives

Film Industry Struggles: Revenues 20% Below Pre-Pandemic Levels

10/15/2025

35 7

Summary

Story summary

The film industry remains strained post-COVID as high-profile releases underperform, with Warner Bros.' One Battle After Another needing $300 million to break even.
Critics have praised One Battle After Another, but audiences remain hesitant to attend non-blockbuster films, possibly due to shortened theatrical windows.
A24's mid-budget strategy faces challenges, as flops like The Smashing Machine could deter international partners.
Overall revenues remain about 20% below pre-pandemic levels.

1 of 1

Story summary

The film industry remains strained post-COVID as high-profile releases underperform, with Warner Bros.' One Battle After Another needing $300 million to break even.
Critics have praised One Battle After Another, but audiences remain hesitant to attend non-blockbuster films, possibly due to shortened theatrical windows.
A24's mid-budget strategy faces challenges, as flops like The Smashing Machine could deter international partners.
Overall revenues remain about 20% below pre-pandemic levels.