Ticket sales over the next few days will provide insight into the movie business’ resilience during the outbreak of Coronavirus, box office analysts said.
US theatre operators moved to prevent the spread of coronavirus and reassure audiences ahead of a weekend with options ranging from satirical thriller The Hunt to Pixar animated adventure Onward and faith-based film I Still Believe.
Ticket sales over the next few days will provide insight into the movie business’ resilience during the outbreak, box office analysts said.
The United States and Canada, which comprise the world’s largest movie market, had been barely affected while theatres were closed in China, Italy and a few other countries. But concerns about the global virus outbreak hit shares of theatre chains this week, with AMC Theatre’s (AMC.N) down nearly 20%.
The two largest US theatre chains, AMC and Cineworld Group Plc’s Regal Cinemas (CINE.L), said they had halved their seating capacity to allow more space between moviegoers to prevent virus transmission.
The chains also limited seating in a single theatre.
No auditorium will allow more than 250 people, AMC said on Friday, adding that it had ordered additional cleaning of kiosks, restrooms, handrails and other areas and urged anyone feeling sick to stay home.
In the United States, theatres have remained open in times of national crisis including after the Sept. 11, 2001 attacks and during World War II.
“AMC remains firmly committed to offering a clean, healthy, entertaining environment every time,” the company said in a statement.
While choices are varied this weekend, new movies will be limited in the next few weeks. Hollywood studios have postponed several upcoming blockbuster action films including James Bond thriller No Time to Die, Walt Disney Co’s (DIS.N) epic Mulan and the ninth Fast and Furious movie from Comcast Corp’s (CMCSA.O) Universal Pictures.
“What’s going to happen the next weekend when no big films are on the release schedule, and what happens the weekend after that?” said Jeff Bock, senior media analyst at Exhibitor Relations Co. “I don’t know if (theatres) will be able to stay open just because there is no product.”