Halting all film releases and closing cinemas over Chinese New Year was the most dramatic possible expression of the emergency response to the novel coronavirus threat that spread from the city of Wuhan in January. The movie distribution and exhibition sectors had been counting on a billion dollars of box office revenue over the 10-day holiday period, a peak season that determines the growth trajectory for the whole year.
Yet, bad as the virus impact is for the movie releasing sectors, there could be longer-term consequences for China’s film production and eventually for its emerging rights sales businesses.
“This will reduce the number of productions in 2021. This will be bad for employees in this sector, from post-production or special effects or crew. Everyone,” says Tony Lu, a producer working on “The Wandering Earth” sequel at director Frant Gwo’s studio.
Two of the world’s newest and largest film...
Yet, bad as the virus impact is for the movie releasing sectors, there could be longer-term consequences for China’s film production and eventually for its emerging rights sales businesses.
“This will reduce the number of productions in 2021. This will be bad for employees in this sector, from post-production or special effects or crew. Everyone,” says Tony Lu, a producer working on “The Wandering Earth” sequel at director Frant Gwo’s studio.
Two of the world’s newest and largest film...
- 2/20/2020
- by Patrick Frater and Rebecca Davis
- Variety Film + TV
Similar News
Terrifying and Poignant, Netflix's 3 Body Problem Takes Its Cues From The Leftovers
- 3/11/2024
- by Rafael Motamayor
- Primetimer
Hong Kong FilMart’s Expansion Is Built on Hopes of China’s Entertainment Engagement
- 3/10/2024
- by Patrick Frater
- Variety Film + TV
“Our Target Is a History of the Future”: ‘THR Presents’ Q&a With the Director of ‘The Wandering Earth 2’
- 12/23/2023
- by Patrick Brzeski
- The Hollywood Reporter - Movie News
Imax unveils expansion plans with cinema chains in China and Thailand
- 4/9/2024
- ScreenDaily
China Sets Sights on Global Expansion at Filmart
- 3/12/2024
- by Mathew Scott
- The Hollywood Reporter - Movie News
All the Asian Submissions to the 96th Academy Awards for Best International Feature Film
- 12/11/2023
- by Adriana Rosati
- AsianMoviePulse
Zynga, Maker Of Video Games Like ‘Farmville’, Acquired By Take-Two Interactive For $12.7B
- 1/10/2022
- by Dade Hayes
- Deadline Film + TV
Free Guy: A Supercharged Video Game Adventure
- 8/8/2021
- by Michelle Siy
- TVovermind.com
‘Free Guy’ Review: Ryan Reynolds Levels Up in This Meta-Video Game Rom-Com
- 8/5/2021
- by Peter Debruge
- Variety Film + TV
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.
More to explore
Box Office: ‘Kingdom of the Planet of the Apes’ Makes $6.6 Million in Previews
- 5/10/2024
- by Jordan Moreau
- Variety - Film News
‘Red, White & Royal Blue’ Sequel in the Works, With Nicholas Galitzine and Taylor Zakhar Perez Returning
- 5/10/2024
- by Adam B. Vary
- Variety - Film News
‘Fantastic Four’ Casts Ralph Ineson as Galactus (Exclusive)
- 5/9/2024
- by Borys Kit
- The Hollywood Reporter - Movie News
‘The Bear’ Season 3 Releases Teaser, Premiere Date
- 5/9/2024
- by Christy Piña
- The Hollywood Reporter - Movie News
‘Pam & Tommy’ Stars Sebastian Stan, Lily James Reteam for ‘Let The Evil Go West’ Horror Thriller
- 5/9/2024
- by Etan Vlessing
- The Hollywood Reporter - Movie News
‘Red, White & Royal Blue’ Sequel in the Works, With Nicholas Galitzine and Taylor Zakhar Perez Returning
- 5/10/2024
- by Adam B. Vary
- Variety - Film News
Marvel’s ‘The Fantastic Four’ Adds ‘The Witch’ Star Ralph Ineson as Galactus
- 5/9/2024
- by Katcy Stephan, Angelique Jackson and Adam B. Vary
- Variety - Film News
Justin and Hailey Bieber Expecting First Child
- 5/9/2024
- by Chris Gardner
- The Hollywood Reporter - Movie News
Comedy Central Announces New Jon Stewart Podcast
- 5/9/2024
- by Nick Riccardo
- LateNighter
Nicholas Galitzine Felt ‘Perhaps Guilt’ for Playing Gay Roles as a Straight Man, Says He’s ‘Terrified’ of Only Being Viewed As a ‘Cut of Beef at a Meat Market’
- 5/9/2024
- by Zack Sharf
- Variety - Film News
Olivia Wilde, Gregg Araki Team On Black Bear Thriller ‘I Want Your Sex’
- 5/9/2024
- by Matt Grobar
- Deadline Film + TV
Tatiana Maslany & Rossif Sutherland To Star In ‘Keeper’, The Next Film From ‘Longlegs’ Director Osgood Perkins; Neon Pre-Buys U.S. Rights & Will Launch Int’l Sales At Cannes
- 5/9/2024
- by Andreas Wiseman
- Deadline Film + TV
MTV Documentary Films Acquires U.S. Rights to Sundance #MeToo Doc ‘Black Box Diaries’ (Exclusive)
- 5/9/2024
- by Addie Morfoot
- Variety - Film News
Melanie Lynskey, Robyn Malcolm to Lead ‘Pike River’ Thriller About New Zealand Mining Disaster, Signature Launching Sales in Cannes (Exclusive)
- 5/9/2024
- by Alex Ritman
- Variety Film + TV
‘The Sheriff’: Milo Gibson, Mark Dacascos, Tom Berenger & More Cast In Josh Tessier Crime Thriller
- 5/9/2024
- by Valerie Complex
- Deadline Film + TV
Box Office: ‘Kingdom of the Planet of the Apes’ Makes $6.6 Million in Previews
- 5/10/2024
- by Jordan Moreau
- Variety - Film News
‘Red, White & Royal Blue’ Sequel in the Works, With Nicholas Galitzine and Taylor Zakhar Perez Returning
- 5/10/2024
- by Adam B. Vary
- Variety - Film News
Marvel’s ‘The Fantastic Four’ Adds ‘The Witch’ Star Ralph Ineson as Galactus
- 5/9/2024
- by Katcy Stephan, Angelique Jackson and Adam B. Vary
- Variety - Film News
Olivia Wilde, Gregg Araki Team On Black Bear Thriller ‘I Want Your Sex’
- 5/9/2024
- by Matt Grobar
- Deadline Film + TV
‘Fantastic Four’ Casts John Malkovich
- 5/9/2024
- by Aaron Couch
- The Hollywood Reporter - Movie News
Bravo Sets Date for ‘Vanderpump Rules’ Three-Part Reunion (TV News Roundup)
- 5/9/2024
- by Jack Dunn and Selena Kuznikov
- Variety - TV News
Will FX Move ‘Shogun’ to Drama Series, Upending Several Major Emmy Races?
- 5/9/2024
- by Clayton Davis
- Variety - TV News
‘Law & Order: Organized Crime’ Renewed, Officially Moving to Peacock for Season 5
- 5/9/2024
- TV Insider
Kristen Johnston Reunites With Chuck Lorre, Joins Leanne Morgan Netflix Comedy Series
- 5/9/2024
- by Joe Otterson
- Variety Film + TV
‘Lioness’ Renewed for Season 2 at Paramount+
- 5/9/2024
- by Joe Otterson
- Variety - TV News