China is shutting down most of the movie theaters across the region, around 70,000 screens, in response to the Wuhan coronavirus outbreak.
A dozen or more films scheduled to be released during the start of the year have been postponed or are at risk of being postponed.China's $9.2 billion box office market, the second largest in the world, is expected to be hit with massive losses as the bulk of the country's theaters have shut down, closing more than 70,000 screens in the wake of the Wuhan coronavirus outbreak.
Sales topped $1 billion during the holiday week last year, and were expected to generate roughly as much money this year. But as the death toll from the virus reaches over 100 people, efforts intensify to limit interaction in crowded public spaces. The economic impact could be devastating, with the potential to drag down global film revenue as much as $2 billion.
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