Movie Ticket Revenue Hits 20-Year Low Amid Coronavirus Pandemic
March 16, 2020
Hollywood is taking a huge hit during the coronavirus epidemic. This weekend, people steered clear of movie theaters, and the industry suffered its lowest box office receipts in decades. Major markets including Los Angeles and New York ordered complete shutdowns of all movie theaters, bars and nightclubs as health officials urge the public to practice social distancing. Experts believe fallout from the coronavirus could cause the industry to lose up to $20 billion.
