Breitbart: Hollywood studios are reportedly bracing to lose billion of dollars in ticket sales in Asia and other countries due to fears surrounding the coronavirus as major blockbusters including Mulan, No Time to Die, and F9 (Fast & Furious 9) are set to roll out around the world.
Variety reported that major studios are preparing for a dip in moviegoing in China, South Korea, Japan, and other countries hit by the coronavirus. But these fears appear so far to be based on speculation since the trade publication cited anonymous “studio executives” who said they are taking “a wait-and-see” approach as the number of hotspots expands.
Those executives said the spread of coronavirus could possibly result in billions of dollars in lost box-office revenue. Most studios are assembling advisory teams to assess the potential impact of the disease, according to the report.
China ranks as the second largest movie market in the world and remains a vital market for Hollywood blockbusters. read more