Lightning Strike (Blitzkrieg) in the World Entertainment Industry from Coronavirus

Cities whole and areas are quarantined. Populations of enormous size are isolated, creating bad consequences in many sectors of the economy. People either to protect themselves or because they are sick and follow instructions from state officials do not leave their homes.

Social activities and in general actions based on social gatherings and synapses equally have been relentlessly and continuously hit by the coronavirus epidemic.

From the beginning of the year, slow and gradual premieres of cinemas and theatres, concerts, conferences, festivals, theatrical parks and for an unknown period are cancelled. The entertainment industry worldwide accepts a continuous and relentless Blitzkrieg.

by Thanos S. Chonthrogiannis

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Entertainment Industry

Cinema

To date, film premieres and filming have been cancelled such as:

1. James Bond’s new film “No Time To Die” will now premiere in November and not April 1.
2. The filming of the film “Mission Impossible 7” in Italy was cancelled due to the rapid spread of coronavirus in this member country of EU.
3. Disney’s «Mulan» remake and Marvel’s «Black Widow» in China.
4. The film «Invisible Man» and «Onward» in Italy-EU.
5. At the same time, 50% of cinemas in Italy have closed and 40% of cinemas respectively in France.

Festivals

Festival cancellations are countless. For example, we will mention:

1. The Ultra Music Festival in Miami (USA) with time conduct Mar 20 – Mar 22, 2020.
2. The Red Sea Film Festival in Saudi Arabia, with time conduct Mar 12 – Mar 21, 2020.
3. The Geneva International Film Festival and Forum on Human Rights (Switzerland), with time conduct Mar 6 – Mar 15, 2020.
4. The CinemaCon 2020 in Las Vegas (USA) with a run time of 30 March.
5. The Cannes Film Festival 2020 got a good chance of being cancelled.

Economic losses

According to the «Hollywood Reporter» magazine (www.hollywoodreporter.com) the entertainment industry is likely to lose more than $5bn in Q1 2020. In China, the value of cinema tickets for the month of February reached $15m when at the same time the corresponding value was $1,76bn.

Only postponing the premiere of James Bond’s new film could give losses of $1,5bn. The Shanghai theme park in 2018 had 11,8million visitors and revenues of $1,5bn profit. Both the Shanghai theme park and one of Hong Kong’s counterparts will remain closed for a long time.

Music industry

The Music industry and of course could not be left unaffected by the coronavirus epidemic and since concerts are constantly cancelled.

1. The BTS have cancelled all their concerts in South Korea as part of their world tour «Map of the Soul 7».
2. Mariah Carey postponed her scheduled show in Hawaii for November.
3. The Canadian singer Avril Lavigne announced the cancellation of her concerts and appearances in Switzerland, Japan, Taiwan, Hong Kong and the Philippines.
4. The Green Day decided to suspend their appearances in Singapore, Thailand, the Philippines, Hong Kong, Taiwan, South Korea and Japan.
5. The Foals postponed their three appearances in Japan and promised their fans that they would take place later in 2020.
6. The Pixies decided not to show up in Japan and China.
7. The Nationals cancelled their two concerts in Tokyo (Japan).

TV Series Productions and Realities

From coronavirus epidemic did not escape tv productions such as the cancellation of the production of CBS’s 33^rd season of Reality «Amazing Race». In addition, Sony Pictures Entertainment’s offices and studios were closed in the UK, France and Poland with a huge blow to this giant company.

The problem is that the losses will continue as the coronavirus vaccine will be delayed being discovered and channelled to the public. The financial losses will continue to occur in Q2 2020 with cancellations at all kinds of spectacles continuing non-stop. In this case state governments should help financially and with tax-exempt all these companies that are brutally affected by the coronavirus epidemic.