By Patrick Frater
01.04.2020 - 11:29 / variety.com
Theatrical box office in the Asia-Pacific region tumbled a massive 85% in the first two months of the year. The coronavirus caused cinema closures, audience hesitation, and a halving of the number of film releases.
Asia is home to the five of the top ten cinema markets outside North America. According to data from the MPAA, China, Japan and South Korea were the three biggest international territories in 2019. India ranked sixth, and Australia tenth.
The figures from S&P Global Market
By Patrick Frater
By Patrick Frater
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By Patrick Frater
Theatrical box office in the Asia-Pacific region fell 85 percent in the first two months of 2020, an unprecedented crash brought on by the emergence and explosive spread of the new coronavirus, says a new report from S&P Global Intelligence. As alarm over the virus radiated outwards from China in late January, many cinemas throughout the region shut down, audiences began avoiding those theaters that were still open, and distributors canceled scores of new releases.
The South Korean box office, which has been widely affected by coronavirus and has fallen to historic lows, was further hit by leading exhibitor CJ-CGV’s recent decision to shut 35 complexes nationwide, and to reduce screenings at those theaters remaining in operation.
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