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 ...
Fantastic news!!!!
The demonKKKrats coffers will dry up...GREAT!!!
Too bad, so sad......
Just when we thought the world was coming to an end. There is a ray of hope /s
Like Me Too which has mostly hit libs their aim to hit the President is still off.
I bought an extra box of tissues to soak up my tears /s
I kept a log of the books I read last year. The total was 106. But then, I’m retired.
Dont do netflix, movies, hollywood....dont Cate about them either.
A ray of hope, a pleasure watching you circle the drain
If they were smart they’d speed the new films to Netflix. But they aren’t.
it’s probably already been added to the coronacrap, like the
(Planned ParenthoodNOT) she wants.
“To survive they’ll have to change to the Epidemic and Super-Pandemic Network.”
+1
:-)
With ‘Hollywood accounting” they will make a huge profit...
Hollywood accounting
https://en.wikipedia.org/wiki/Hollywood_accounting
According to Lucasfilm, Return of the Jedi, despite having earned $475 million at the box office against a budget of $32.5 million, “has never gone into profit”
How Hollywood Accounting Works
https://entertainment.howstuffworks.com/hollywood-accounting.htm
Short answer. They lie.
See, there’s always some good news.
bookmark
Can I now get a cheap home in Malibu?
Boo hoo!
I got a cold call from my cable company wanting to add on a trial package, I guess they figure people are going to get bored fast.
Sweet !!!
Ope, libraries are shutting down in my county tomorrow. When my wife heard this she rushed to the library to stock up and said it was packed.
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