Coronavirus crippling film industry, US box office headed for worst year since 1998

  • 📰 CNBC
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Social distancing restrictions across the U.S. has forced theaters to shutter and studios to shuffle their slate of films for 2020 and beyond.

Through the first three months of the year, the box office has only hauled in $1.79 billion, a 25.4% fall from the same period last year.

With theaters closed for the foreseeable future and studios postponing blockbusters until 2021, this year's box office is expected to fall more than 40% compared with last year, a new report predicts. Through the first three months of the year, sales at the box office have tallied $1.79 billion, a 25.4% fall from the same period a year ago.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Theaters are a relic of the past anyway. I’m surprised they’ve lasted as long as they have. All movies should go directly to PPV upon release.

Paul Krugman is a liar, and a parasite. A statist anti-intellectual who spews junk science to rationalize government control of markets; of capital; of others people’s property. The mechanisms just arent as perceptually direct as seizing it, so most don’t even know it’s happening

Govt interference in the economy, currency and financial system does not lead to a “common good; no “safety net;” no “compassion.” It is not “making the free market better.” It is theft; a distorted, gamed system of a few rich....and masses of poor. Just look around you.

All Keynesians are one of two things: 1) Simply not that smart, or.... 2) They know exactly what’s going on, and are lying, statist monsters who simply seek to coercive government control others’ property; they want the unearned, power, and/or be fawned over by the sheep.

Good

The bond market, stock market, the fed, their printing press, the banking system and Treasury have become one intertwined mess of government coercive control of capital flow. The whole system is distorted beyond recognition; meaningless prices and massive capital dislocation.

Restrictions/has forced? Really? I expect better from CNBC.

Saw a guy shooting Heroin right down those Subway stairs three weeks ago. Right in the open set up fifty feet from turnstiles. Hadn’t seen that in NYC in decades. Normally crawling with NYU students and local workers, West Village feelin like hit a time warp.

Sad. Overpaid actors will be looking at extended time without work.

Who cares? The only thing worth seeing at the movies is popcorn.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines