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Movies Delays & Box Office Losses: How The Coronavirus Is Threatening The Film Industry




The release pf upcoming James Bond film
The release pf upcoming James Bond film "No Time to Die" has been delayed due to the coronavirus.
Nicola Dove

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Government officials and public health authorities are responding loud and clear to the spread of COVID-19: stay home if you can and practice social distancing. The spread of the virus is drawing comparisons to the 2011 thriller “Contagion.” Unfortunately, this isn’t a movie. It’s impacting all kinds of industries, including the film industry itself. 

According to Variety, film and television productions are shutting down across the world and it may leave a significant print for potentially years to come. The global film industry is at risk of a $5 billion loss, as reported in the Hollywood Reporter. And movie theaters, common places for community members to gather together to watch the latest releases, are sitting in a pool of anxiety. Last week, James Bond producers announced the film release of “No Time to Die” will be postponed. Thursday, actor/director John Krasinski tweeted the postponement of the highly anticipated sequel “A Quiet Place: Part II.” And the ninth installment of “Fast and Furious” known as “F9” will delay its release from May of this year to April 2021. Variety reports, movie theaters are moving forward with strict cleaning protocols. Things are changing by the day, even hour, so it’s unclear whether we could eventually see mass closures. Today on AirTalk, we discuss how the coronavirus is impacting the film industry up to this point. Do you work in the industry? We want to hear your stories and thoughts. Join the conversation by calling 866-893-5722.

Guests:

Brent Lang, executive editor for film and media at Variety; he tweets @BrentALang

Nancy Tartaglione, international box office editor and senior contributor at Deadline; she tweets @DeadlineNancy