Consequences of the pandemic have ranged from shuttered cinemas and lowered attendance at theaters that remain open to Hollywood films being postponed and production shutting down.
Last week, there were no clear signs in the U.S. that ticket sales were being hurt by coronavirus fears. But Sunday's box office receipts told a different story.2020 was already expected to be a "light" year"Near-term, it's the single-greatest cinematic disaster financially," Eric Schiffer, CEO of private equity firm Patriarch Organization and chairman of Reputation Management Consultants, said.
Clearly, the financial ramifications are likely going to be felt by studios, filmmakers and theater owners for years to come.
Studios should just negotiate with Netflix, amazon and Cable co. to premiere the movies. People are bored at home and will pay anything for entertainment...Disney could have premiered Onward in Disney+ and would have gotten a bunch of subscribers. Then deal with the theaters.
Right, wow I’m worried too right now about all those MILLIONAIRES and the millions the industry will lose. Fuck the infected, homeless, elderly, sick or dying shit hole over 50% of the world faces w/the virus.