Global Film Industry Facing $5 Billion
Loss Amid Coronavirus Outbreak Nearly 70,000 movie theaters in
China have been closed for weeks
as the virus continues to spread. Roughly half of the theaters in Italy
have shuttered after 1,694 confirmed
cases and 34 deaths were reported there. Italian ticket sales have dropped
44 percent following the
theater closures. Over the weekend, South Korea
experienced an 80 percent drop in
box office revenue when compared
to the same period last year. Korea Film Commission official, via 'THR' The film market is expected to take an even
larger hit if U.S. theaters begin to close, with
many uncertain about what’s to come.
