As China rushes to lockdown the deadly coronavirus epidemic, which has claimed at least 25 lives and infected more than 800 people, thousands of the country’s cinemas have been forced to close thei…
. Last year’s New Year holiday brought in around RMB 5.8B . Pics pulled from the slate this weekend that were expected to gross big includedistributor Huanxi Media Group took the unprecedented step of announcing that the film will stream for free on online video platforms.
That won’t leave much room for other releases, and upcoming films are likely to suffer significant delays or be squeezed out entirely. U.S. pics scheduled in the coming months, such asYesterday, stock prices for many of China’s major media companies fell significantly in response to the disruption (though Huanxi’s rose after the
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