The Chinese box office is set to take a major hit in 2020 due to the coronavirus pandemic. According to a report from the Motion Picture Association of America (MPAA), the Chinese box office is expected to lose $4 billion in revenue this year.
The Chinese box office has been one of the most important markets for Hollywood films in recent years. In 2019, the Chinese box office generated $9.2 billion in revenue, making it the second-largest market for Hollywood films behind the United States.
The coronavirus pandemic has had a devastating impact on the Chinese box office. Movie theaters in China have been closed since January, and there is no indication of when they will reopen. This has caused a major disruption in the Chinese film industry, with many films being delayed or canceled.
The MPAA report estimates that the Chinese box office will lose $4 billion in revenue this year. This is a major blow to the Chinese film industry, which was already struggling due to the trade war between the United States and China.
The Chinese box office is expected to rebound in 2021, but it will take some time for the industry to recover. The MPAA report estimates that the Chinese box office will only reach $7.2 billion in 2021, which is still significantly lower than the $9.2 billion it generated in 2019.
The coronavirus pandemic has had a major impact on the global film industry, and the Chinese box office is no exception. The $4 billion loss in revenue is a major blow to the Chinese film industry, and it will take some time for the industry to recover.
Chinese Box Office To Lose $4 Billion
