Box Office Plunges to Lowest Level in Over Two Decades Amid Coronavirus Pandemic

tripplej

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from yahoo,

This should not be a surprise to anybody. In fact, people need to stay away from public places and to help stop the spread of the coronavirus.
In fact, some states have already started bans on attending theaters and to close theaters themselves to help stop the spread.



"Ticket sales in North America hit their lowest levels in more than two decades, generating roughly $55.3 million between Friday and Sunday. Box office numbers have not been this low since the Sept. 15 to 17 weekend in 2000, when movie theaters brought in $54.5 million from holdovers including Keanu Reeves’ psychological thriller “The Watcher,” “Bait” with Jamie Foxx and cheerleading classic “Bring It On.”

Receipts dropped 45% from last weekend while only one movie, Disney-Pixar’s “Onward,” made more than $10 million over the three-day stretch. The steep decline pushed the year-to-date box office down almost 9%, according to Comscore.

Domestic revenues were inevitably going to plummet this weekend because AMC and Regal, two of the biggest movie theater chains, and several other circuits like Alamo Drafthouse and Arclight, cut capacity in individual auditoriums by 50% to avoid crowding in wake of the pandemic. Reducing the amount of tickets sold per theater helped multiplexes comply with the Center for Disease Control and Prevention recommendations for “social distancing.” Theaters also kept room between rows and seats to ensure patrons had ample space.

In all, low ticket sales were a combination of audiences staying home and theaters capping seating capacity."
 

tripplej

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from hypebeast,

"Universal Studios will release a variety of its newest movies still in the midst of their theatrical runs on digital platforms. Starting this Friday, films like The Invisible Man, The Hunt, and Emma will be made on various platforms to rent for $20 USD. The studio’s forthcoming animated film Trolls World Tour, set for a theatrical release on April 10, will be made to rent on the same day it hits theaters.

Universal announced the news after a box office weekend drought, caused much in part due to the overwhelming concerns over the novel coronavirus."
 
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