“The situation is that it’s a f***ing disaster everywhere,” one distribution exec exclaimed recently regarding the impact from the coronavirus pandemic on the global and international box office. T…
a few days later, one source suggested, “It’s hard to believe the whole world is blowing up and Beijing and Shanghai are under control.”
Elsewhere, some major markets were slow to close, and some do have a few cinemas open, but the returns are “notional” we’re told as “business is dead everywhere.” Still open to a degree are Korea and Japan. But moviegoing is drastically down in each. Overall, for cinemas that haven’t closed, it may be they are waiting for the government to force a shutdown which would then help an argument on rent payments during the crisis.
The major studios have stopped reporting weekend numbers, as has comScore. In the weekend before some key markets closed, the Top 5 overseas movies, down 85% versus the same frame of 2019. For the time being, it’s just academic that grosses will be a pittance until the virus is somewhat in hand. And even if offshore hubs get a green light to open before domestic, those that are not home to strong local productions will have difficulty posting significant numbers given the dearth of studio fare available until North America becomes operational again. Offers an international distribtion source, “If worldwide piracy is a risk, I don’t think you can stagger releases.
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