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: After a 70.4% decline in 2020, cinemas began a slow recovery as audiences sought out the "big screen" experience for major blockbuster events. Live Experiences
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In 2021, streaming services moved beyond being alternatives to cable—they became the primary cultural engines. The most significant phenomenon was the South Korean thriller Squid Game The most significant phenomenon was the South Korean
exploded onto Netflix , becoming an international phenomenon that turned "Red Light, Green Light" into a haunting symbol of economic struggle. In theaters, the Marvel Cinematic Universe roared back with Shang-Chi and the Legend of the Ten Rings , celebrating Asian representation on a massive scale.
Gaming transitioned into a comprehensive entertainment ecosystem, generating more revenue globally than the film and music industries combined.