China Box Office Likely to Drop More Than $4.2 Billion Due to Coronavirus This Year
At a meeting to discuss how the film industry has responded to the epidemic on Wednesday, the director of China’s National Film Administration and executive deputy minister of the higher ranking Central Propaganda Department, Wang Xiaohui said that “the epidemic has created an unprecedented crisis for the film industry, and is forcing it to reform and upgrade itself.”
“It is necessary to maintain the rule of the release window, adhere to the spirit of contracts, and strengthen one’s sense of integrity,” he was cited as saying. no official written reports or statements have been put forth from film industry authorities on the matter. That likely indicates that they are taking a wait-and-see attitude and observing what will happen in terms of second waves of infections.
“In the mid- to long-term, a combination of factors such as downward economic pressure will cause profound adjustments to the film industry’s structure, modes of production and business philosophy, and have a profound impact in all domains,” Wang said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Patti LuPone Isn't Surprised by 'Cats' Box-Office Bomb: 'I Will Never Watch It'The Tony-winning actress also reflected on trashing her dressing room after being fired from 'Sunset Boulevard' and her viral photo with Glenn Close when she joined Andy Cohen's 'Watch What Happens Live!' Monday night.
Read more »
China cracks down on fraud and tries to clean up image with Luckin probeIn a period fraught with tensions with the U.S., China is trying to show it's being serious about tackling fraud.
Read more »
Mainland China reports six new coronavirus cases vs three a day earlierMainland China reported 6 new coronavirus cases for April 27, up from 3 reported a day earlier, putting its total number of COVID-19 infections to date at 82,836.
Read more »
Trump cuts U.S. research on bat-human virus transmission over China tiesThe Trump administration abruptly cut off funding for a project studying how coronaviruses spread from bats to people after reports linked the work to a lab in Wuhan, China, at the center of conspiracy theories about the pandemic’s origins
Read more »
China is installing surveillance cameras outside people's front doors ... and sometimes inside their homesThe coronavirus pandemic has brought surveillance cameras closer to people's private lives in China: from public spaces in the city to the front doors of their homes — and in some rare cases, surveillance cameras inside their apartments
Read more »