The US box office made just $5K in the last week of March
The same time last year, it made over $200 million.
- Best New Journalist 2019 Australian IT Journalism Awards
Movie theaters have shut down due to the coronavirus.
The outlook is grim for the movie industry at the moment, with cinema closures and postponed movie releases causing seismic shifts in the movie calendar. Now we know the box office impact of those measures to help stem the spread of the coronavirus.
From March 20 to 26, the US box office made just $5K, according to Box Office Mojo (via Reddit user u/TheDankestMofo). The same time last year, that number was over $200 million.
The low figures make sense. By March 19, virtually all cinemas had shuttered in North America.
In the first quarter of 2020, the US box office suffered a 25% decline in revenue compared to last year, according to The Hollywood Reporter -- a drop of $600 million.
James Bond, Mission Impossible 7 and Wonder Woman are among the movies whose releases or productions have been delayed due to the coronavirus. The setbacks have also seen many theaters struggle to stay afloat.
