Coronavirus Could Result In $5 Billion Loss For Global Box Office

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One of the industries impacted by the new virus COVID-19 is the film industry, which is expected to suffer massive losses as would-be moviegoers stay home instead of going to the cinema.

According to The Hollywood Reporter, the global box office will take a $5 billion hit due to the global virus. In 2019, movies collectively made $42.5 billion around the world, including an all-time record from international markets of $31.1 billion.

The COVID-19 virus has thus far spread to more than 90,000 cases worldwide, and has killed more than 3,000 people globally. Half of those who have been infected have recovered. The virus emerged in China, which is where the bulk of the cases and deaths have been reported.

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Source: Game Spot Mashup