Hollywood on the verge of a major crisis due to coronavirus outbreak

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The new type of coronavirus epidemic, the main agenda item in the world, has profoundly affected cinema as in all social areas. In the United States (USA), the movies that were released last weekend could not achieve a box office revenue of just $ 1.

Many governments around the world have implemented wartime measures to prevent the spread of the outbreak. Millions of people stay at home to isolate themselves. Almost everywhere has taken its shutters apart from services where basic needs such as markets, pharmacies and hospitals will be seen.

COVID-19, which has been transmitted to more than 380 thousand people and killed more than 16 thousand people, has dramatically affected the cinema as in other social areas. So much so that the coronavirus pandemic has faced the film industry with a crisis it has never seen before.

Analysts anticipate that measures such as many large-budget films not to be released on the scheduled date and closing movie theaters would cost Hollywood $ 20 billion. James Bond: No Time to Die, A Quiet Place: Part II, The New Mutants, Fast & Furious 9, Black Widow and Wonder Woman 1984; Some of the productions whose vision date has been postponed due to the increase of epidemic threat.

Currently, only 300 of the 6000 movie theaters in the US are open. For the first time since 1994, no box office receipts have been reported for the films of the week. The movies, which are released with great hopes you will understand, face a huge zero.

Fast and Furious 9, whose vision date has been delayed for a full year, will meet with the audience on April 2, 2021.
Although Hollywood studios will lose large sums of money due to the closure of movie theaters, they can compensate for this loss, albeit somewhat with digital sales. Many productions, such as Onward, The Hunt, The Invisible Man, Bloodshot, and Sonic the Hedgehog, that have not yet expired or have been released recently, are available for sale on digital platforms.

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We are going through unprecedented times, and unfortunately, many of the productions we hope to see in the near future may come up at a much later date than we expected. The expectations are that the outbreak will be brought under control once the temperatures start to rise. Otherwise, the damage in the movie industry could go way beyond $ 20 billion.


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