Asia-Pacific Box Office Plunged 85 Percent in First Two Months of 2020 Amid Coronavirus
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hollywoodreporter.comTheatrical box office in the Asia-Pacific region fell 85 percent in the first two months of 2020, an unprecedented crash brought on by the emergence and explosive spread of the new coronavirus, says a new report from S&P Global Intelligence.
As alarm over the virus radiated outwards from China in late January, many cinemas throughout the region shut down, audiences began avoiding those theaters that were still open, and distributors canceled scores of new releases.
According to S&P Global, the number of films released in the APAC region in February fell 49.2 percent compared to the same period in 2019.
China, which shuttered its network of 70,000 movie screens in late January, was by far the hardest hit in the early weeks of the year.
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