The 32nd film week of the year that ended on Thursday 8/12 came in at 46% of the grosses from the same week in 2019. Despite that, the four-week rolling average 2021/2019 comparison dropped to 41%, slowing our projection for the speed of a box office recovery. This happened because the $165M opening week for BLACK WIDOW dropped out of the numbers that we add up from trailing four weeks. On the other hand, the 2021 number will look better next weekend when we run our trailing four-week calculation because the 2019 sum will lose the bump of a $388M opening from THE LION KING. When comparing 2021 to 2019 results, we use a trailing four week sum in order to smooth out the impact of any one week which might include a blockbuster opening. Even so, certain weeks can exert an outsized influence on the comparison, resulting in a relatively large shift in the percentages. Expect next week’s four week rolling average to jump back into the upper 40% range.