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Still, pockets of the industry didn't fare so badly. The music industry, which largely took advantage of ever-evolving technology, found success in streaming and virtual performances.
But when that industry is brought to its knees, how does it stand up again?
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The $1 billion box-office movie is dead - for now
Marvel Studios; Universal Pictures; 20th Century Studios; Samantha Lee/Insider
A 'one-line actor' reveals the thankless and grueling life of Hollywood's countless extras
Walter Vincenti Photography; Netflix; Samantha Lee/Insider
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No new Marvel Cinematic Universe film hit the box office for the first time in 11 years, but fans say it was actually a good thing
Marvel; Walt Disney Studios Motion Pictures; Sony Pictures Entertainment; Disney+; Samantha Lee/Insider
Disneyland was once the most magical part of my life. Then I grew up.
Christian Thompson/Disneyland Resort; Skye Gould/Insider
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A complete breakdown of the Oscars diversity problem over the past decade
Andrew H. Walker/Getty Images; Samantha Lee/Insider
To succeed as a Latinx creator in Hollywood, it helps to be white-passing
Jennifer Clasen/HBO; Netflix; Kevin Estrada/Netflix; Samantha Lee/Insider
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Diversity onscreen continues to improve but Black filmmakers like Michael B. Jordan say the fight must now move to the boardroom
Astrid Stawiarz/Getty; Aaron J. Thornton/Getty; David M. Benett/Getty; David Crotty/Patrick McMullan/Getty; Skye Gould/Insider
The Grammys are the only award show that might actually benefit from the pandemic
Kevin Winter/Getty Images; Gabriel Bouys/AFP via Getty Images; Evan Agostini/Getty Images; Andrew H. Walker/Getty Images; Samantha Lee/Insider
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Pete Davidson, Lilly Singh, and other comedians detail how stand-up comedy crumbled in the pandemic - and how a few funny people are trying to break through the rubble