‘Godzilla’ Parent Toho Cannot Escape Coronavirus Impact
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variety.comMark Schilling Japan CorrespondentLike its signature “Godzilla” franchise, Toho normally towers above the rest. The company is a producer, distributor and exhibitor that operates Japan’s largest theater chain.
As a distributor, it consistently accounts for the lion’s share of local hits, and in some years it gets to release the films of anime maestro Hayao Miyazaki.But even mighty Toho is being brought low by the coronavirus crisis, which shuttered the nation’s theaters following a government state of emergency declaration early in April.For the first quarter of FY2021, from March 1 to May 31 of this year, Toho reported a plunge in revenues of 51% to $308 million, compared with $632 million in the same period last year.
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