Entertainment Stocks Tumble as Coronavirus Crisis Spreads

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Entertainment Stocks Tumble as Coronavirus Crisis Spreads
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Shares of top Hollywood media stocks on Monday fell in value on a new wave of concern that the coronavirus outbreak has spread widely beyond China

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Among the other industry giants hit was Comcast, whose stock was off 2.6 percent, or $1.22, to $44.60 after reports Universal Pictures' star-studded publicity tour forfranchise movie -- a key revenue driver for the studio -- has been called off as around 70,000 movie theaters in China remain shuttered amid the outbreak.

Other market losers on Monday included Imax, which saw its shares fall by 32 cents, or 1.9 percent, to $16.58 as its own China theater closures show no sign of ending after the decision last month to postpone the Chinese New Year film slate in China because of the coronavirus outbreak.

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