Universal’s box office revenue fell 87.7% year over year during the first quarter of 2021, a steep decline primarily driven by the deferral of theatrical releases as a result of movie theater remaining shuttered or operating at reduced capacity due to COVID-19, parent company Comcast reported in its Q1 earnings Thursday.
That is in comparison to Comcast’s Jan. 1-March 31, 2020 quarter, a time span during which the coronavirus pandemic was just beginning to affect movie theater closures around the world.
The Bob Odenkirk film “Nobody,” which came out March 26, was the studio’s only movie that had a partial theatrical release during Q1 2021.