B. Riley analyst Eric Wold in a Monday report further cut his domestic box office forecasts for 2020 and 2021 due to the coronavirus pandemic.
He cited the fact that the fourth-quarter film slate "has become increasingly barren" and the "continued lack of theater opening visibility for the three key markets of New York, Los Angeles, and San Francisco and the potential that these uncooperative market forces could impact capacity restrictions and the film slate moving into 2021." "Even though we had already been projecting a 70 percent year-over-year decline in domestic box office revenues in 2020, we are lowering that projected decline even further to 80 percent," he wrote.
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