China Box Office Likely to Drop More Than $4.2 Billion Due to Coronavirus
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variety.comBy Rebecca Davis editor China’s National Film Administration predicted Wednesday that box office will drop by nearly half this year, due to cinema closures necessitated by the coronavirus epidemic.
At a meeting to discuss how the film industry has responded to the epidemic on Wednesday, the director of China’s National Film Administration and executive deputy minister of the higher ranking Central Propaganda Department, Wang Xiaohui said that “the epidemic has created an unprecedented crisis for the film industry, and is forcing it to reform and upgrade itself.” The NFA said that box office revenue could drop by more than $4.24 billion (RMB30 billion).
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