Entertainment Stocks Tumble as Coronavirus Crisis Spreads

The ongoing Coronavirus which originated in the China's city of Wuhan has now brought the entire world to its knees. State-wide closures and lockdowns has left many countries struggling for basic necessities.

Apple is shutting down its nearly 500 retail stores worldwide outside of China until March 27 in an effort to minimize the spread of the novel coronavirus (COVID-19).

As we know, coronavirus doesn’t discriminate. People of all races, backgrounds and incomes have tested positive for COVID-19, and as celebrities with coronavirus show, anyone can be affected. But that isn’t a reason to be scared. As we’ve said before, we’re all in this together (à la High School Musical), and it’s going to be OK.

By Erik Pedersen

Reese Witherspoon has urged people not to “listen to opinions” about coronavirus and instead concentrate on the facts.

For weeks, as the threat of the coronavirus loomed in China, then in Europe, the concert business seemed to hold its breath — waiting to see if, and how much, the United States would be affected. That changed on March 6, when South by Southwest (SXSW) announced it would cancel its annual event in Austin, which was scheduled to take place March 13-22.

By Erik Pedersen

James Bond won't return to theaters as scheduled. The Amazing Race was halted. The Bachelorette will stay home. And there are concerns about the fate of the 2020 Summer Olympics and even—wait for it—Coachella...all because of the coronavirus.

The coronavirus spread has forced James Bond bosses to rethink the release of their latest movie, No Time to Die.

With nearly 90,000 cases of coronavirus reported worldwide, the live music industry is continuing to see high-profile artists cancel shows out of safety concerns. Following announcements last week that rock legends Green Day canceled shows in Asia and global superstars BTS canceled shows in their native South Korea, several more artists have put a halt to their dates in the region.