Hollywood Box Office falls to lowest level in 20 years amid coronavirus panic

The COVID-19 pandemic is hitting the global economy very hard. Earlier this week, several media reported, but the Hollywood Reporter in particular, that the coronavirus had so far resulted in losses of around $ 7 billion, according to estimates that it could reach $ 20 billion.

According to Billboard, the film industry's revenues have fallen to a 20-year low. No official figure has yet been released, but estimates show that there will be losses of around $ 56 million. Billboard reports that the last time there were losses to this effect, it was in September 2000.

In September 2001, just two weekends after the twin towers closed, cinemas were still earning more than what the numbers show today. This Saturday, the countries of Pennsylvania and New Jersey demanded that the cinemas close their doors for the moment.

Earlier this month, it was confirmed that No time to die and Fast and furious 9 have both been postponed, with No time to die coming out in November this year, rather than April as originally planned. The film was postponed internationally shortly after it closed in China.

A distribution source who spoke to Billboard said the market has been "very badly hit" and that the effect of the coronavirus will continue to be felt in the industry, particularly this weekend. Cinemas have since closed worldwide, including in Germany and the United Kingdom.

If social media is an indication of general public opinion, panic has set in. Jana Kramer got a lot of heat from social media users yesterday when she confirmed that she was still on her way to Canada with her husband and two children, despite warnings for travelers. stay at home.

Kramer then resumed his IG stories to defend himself, arguing that the producers had told him that the production process would continue as planned. Kramer argued that she had to leave the country for Canada for work, or she risked being sued for failing to appear.

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Today, The Batman, along with Robert Pattinson, also temporarily halted production for the next two weeks. The film's release is scheduled for next year.

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