We all knew this was coming, and it’s only going to get worse, now that several cities have closed movie theaters for at least the next two weeks.
It’s being reported that box office tickets sales dropped to their lowest levels in at least 20 years, thanks to the coronavirus.
Receipts totaled about $56 million in U.S. and Canada theaters, according to studio estimates Sunday. Not since September 2000 has weekend box office revenue been so low, according to data firm Comscore, when $54.5 million in tickets were sold on a quiet weekend. More people went to the movies the weekend after Sept. 11, 2001.
This coming weekend will likely be worse. In fact, it could be one of the lowest box office weekends in history, if more cities shutdown their theaters.
As most of you already know, several huge films have been pushed back, including A Quiet Place 2, Fast 9, Disney’s Mulan and the latest James Bond flick.
Expect more delays as the country attempts to get this virus under control.[mashshare]