Posted on 03/13/2020 5:27:58 PM PDT by EdnaMode
On March 12, the London premiere of Mulan had just wrapped when the film’s director Niki Caro received the call everyone was anticipating. Executives in Los Angeles had made the decision to pull the Disney tentpole and were about to make the announcement, scuttling plans for a European junket that was had just kicked off. The move didn’t come as a surprise. After all, less than a day before, President Donald Trump announced a new ban on most travel from Europe, aimed at stopping the spread of the coronavirus. That travel ban torpedoed any plans to promote the $200 million film in the lucrative European market. And with 70,000 theaters still shuttered in China and U.S. cinemas looking iffier by the minute, Disney had no alternative.
The dust is far from settling on the economic impact of the coronavirus pandemic. But early estimates indicate that the blow will be unlike anything Hollywood has experienced before and losses will well eclipse the eleven-figure mark, even if conditions remain the same instead of taking a turn for the worse.
As it stands now, the global box office has already taken a coronavirus hit of at least $7 billion. If the remainder of March, April and May are included, lost revenue would climb another $10 billion, making a total loss of approximately $17 billion. And if the crisis continues beyond May, all bets are off.
(Excerpt) Read more at hollywoodreporter.com ...
Awwwww, that’s a real shame........
Damn shame.
What about just reading books at home. Either get them from your local library, which should be open, as they have low traffic, or in electronic format from several rental sources.
Couldn’t happen to a better group of slime molds.
Wish we could help the camera crews, etc. As for the big guys, ISGAS.
Nancy might introduce a bill to bail Hollyweird out.
Well, Weinstein is likely not getting as much ca$h from Movies and TV anymore, so there is a cost save.
I work in entertainment and even though this may leave me jobless, I cannot work up a single tear for Hollywood.
If every single Hollywood studio went under the virus would almost be worth it
Sorry, I had to stifle a laugh.
nope can’t do it
Couldn’t happen to a nicer bunch of people.
Maybe they should consider it a donation to the DNC since the Rats are hyping this virus in order to (they hope) hurt Trump and propel Slow Joe.
I was once told that I read too much. I don’t believe that’s possible.
My new neighbor sets up events and travels all the time has said that all events have been cancelled. Bummer.
Good riddance.
To survive they'll have to change to the Epidemic and Super-Pandemic Network.
Hahahahahahaha
My my my...such a shame.
They are already turning around on the coronavirus. Watch how quickly it becomes a fake pandemic created by Donald Trump for his political ends. His virus allows him to stop travel from Europe. He caused the cancellation of a major Disney production.
The left could care less when a few black kids lose their jobs but their Hollywood paychecks are also threatened so now it is time to backtrack the whole thing. Trump looked Presidential today and that has to scare the crap out of them.
The coronavirus pandemic ended on Friday March 13, 2020. Everything after that is about Trump the Dictator.
What no more sequels.
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