Korea Box Office Slumps to $2.25 Million Weekend

Korea Box Office Slumps to $2.25 Million Weekend
The box office outlook in South Korea, which last year was the world’s fourth largest theatrical market, turned from bad to worse. Gross revenues over the weekend dropped to just $2.24 million, a slump of 40% compared with the already depressed $3.70 million total of the weekend before.

In the intervening period cinemas in the Greater Seoul area have been required to increase social distancing measures and cut their seating capacity, as a reaction to the latest surge in coronavirus cases.

From Tuesday, Seoul was placed under Level 2 restrictions on a scale of 1 to 4 of virus response. Cinemas can stay open, though many other indoor activities are banned for a week, and private groups cannot exceed more than 10 people.

Additionally, it emerged that another batch of films that had previously been targeting a theatrical release have now decided on a direct to streaming approach instead. These include the much anticipated “Space Sweepers,
See full article at Variety - Film News »

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