Home » Lifestyle » China's coronavirus-hit box office faces losses of over $4.2B: State media
China's coronavirus-hit box office faces losses of over $4.2B: State media
Movie theaters report lowest ticket sales in more than 20 years
Box office receipts have plunged to a two-decade low amid coronavirus precaution. FOX Business’ Cheryl Casone with more.
Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.
Continue Reading Below
China’s movie box office faces losses of more than 30 billion yuan ($4.24 billion) this year after the coronavirus epidemic forced theatres to shut and the production and distribution of films to be suspended, state media reported on Wednesday.
The estimate was provided at a meeting organised by the industry’s regulator, the National Film Administration, according to a report by state broadcaster CCTV-6’s China Film Report.
The restrictions imposed in late January came just ahead of the week-long Lunar New Year holiday, traditionally a peak period for cinema viewing and new movie launches, dealing a heavy blow to the industry.