Global Film Industry Facing $5 Billion Loss Amid Coronavirus Outbreak
Global Film Industry Facing $5 Billion Loss Amid Coronavirus Outbreak

Global Film Industry Facing $5 Billion Loss Amid Coronavirus Outbreak Nearly 70,000 movie theaters in China have been closed for weeks as the virus continues to spread.

Roughly half of the theaters in Italy have shuttered after 1,694 confirmed cases and 34 deaths were reported there.

Italian ticket sales have dropped 44 percent following the theater closures.

Over the weekend, South Korea experienced an 80 percent drop in box office revenue when compared to the same period last year.

Korea Film Commission official, via 'THR' The film market is expected to take an even larger hit if U.S. theaters begin to close, with many uncertain about what’s to come.