Impact of the Coronavirus pandemic on cinema

The Coronavirus pandemic has had a substantial impact on the film industry in 2020, mirroring its impacts across all arts sectors. Across the world and to varying degree, cinemas and movie theaters have been closed; festivals have been cancelled or postponed; and film releases have been moved to future dates or delayed indefinitely. Due to cinemas and movie theaters closing, the global box office has dropped by billions of pounds and streaming became more popular; while the stock of film exhibitors has also dropped dramatically. Many blockbusters originally scheduled between March and November have been postponed or cancelled around the world, with film productions also been put on halt.
The Chinese film industry have lost $2billion in March 2020, having closed all its cinemas during the Lunar New Year period that sustains the industry across Asia. North America saw its lowest box office weekend since 1998 between 13-15 March.