Hollywood Braces For Coronavirus Slump As Theaters Close, Movie Releases Get Pushed Back

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Hollywood Braces For Coronavirus Slump As Theaters Close, Movie Releases Get Pushed Back
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Here’s an updating list of all of the film releases that have been postponed due to coronavirus: by MadelinePBerg

Giles Keyte, Universal PicturesAmid rising fears of the spread of coronavirus in America and overseas—as well as concerns over how those fears affect the box office—many blockbuster releases have been pushed back.which was supposed to be released in April, became the first major release to be delayed; it will now debut in November.

support shutting down movie theaters to prevent the possible spreading of coronavirus, according to a Morning Consult and Hollywood Reporter poll. In China and Italy, theaters are already shut down, which has caused a decline in local box offices. For China, the hope for 2020 was to exceed last year’s box office high of $9.2 billion. As of the first 20 days of January—theaters closed on January 21—box office totals were at $3.9 billion, up 157% over last year.

In America, the box office took a big hit the weekend of March 13. While the weekend of March 6 saw box office returns up 4% from the past weekend to $103.4 million in the U.S. and Canada, according to Comscore, the weekend of March 6 saw a box office of only $55.3 million, the lowest it’s been since September 2020. And it will only get worse as theaters in major markets like

and Los Angeles are forced to shut their doors. Movie theater stocks are already dropping: AMC Entertainment, Cinemark and National Cinemedia are each down over 50% since the beginning of March.

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