$1.3 trillion. That’s how much money Apple, Microsoft, Amazon, Alphabet, and Facebook combined lost in one month from the cCoronavirus. All kinds of industries are going through hard times right now, especially those that rely on large groups of people in one place, such as resorts, theme parks, and festivals.
A dominant industry in that category is the film industry, which relies on huge amounts of people being in a small theater, paying $15 for a ticket.
As of March 14th, The Hollywood Reporter claims the film business has already lost over $7 billion, and if the virus stays an issue past May, is expected to lose a total of over $20 billion.
Most of the money being lost comes from big films being pushed back months or years, cutting off revenue supplies for the foreseeable future.
While some individual films being set back is a problem for that single production, many films have had a snowball effect on other movies. For sequels or films in the same universe, these pushbacks have affected every movie’s release date for years to come.
Marvel, which is known for planning movies out years in advance, has had every upcoming movie set back multiple months. Those set back include sequels to “Doctor Strange”, “Captain Marvel”, and “Thor: Ragnarok”, and new films such as “The Eternals” and “Shang-Chi and The Legend of the Ten Rings.”
DC also had multiple superhero movies in the works pushed back, including “The Flash”, “Wonder Woman 1984”, and “Shazam 2!” due to the upcoming Batman movie being pushed back from June 2021 to October 2021.
These are hard times for everyone, and the big industries aren’t immune. The faster the pandemic is over, the faster we can start to get accustomed to the new normal and go back to supporting industries like the film industry.
A list of some big movies pushed back is:
“No Time to Die”, the 25th James Bond film in the series, is pushed back to November 2020
“A Quiet Place II”, the sequel to John Krasinski and Emily Blunt’s 2018 film, is pushed back to Sept. 4, 2020
“Fast and Furious 9” is pushed back to Apr. 2, 2021
“Mulan” is pushed back to July 24, 2020
“The New Mutants”, Disney’s “X-Men” spinoff, is pushed back indefinitely
“Black Widow” is pushed back to Nov. 6, 2020
An untitled Elvis movie stopped production due to Tom Hanks and his wife getting COVID-19 while in Australia and is now set to open Nov. 5, 2021
“Mission: Impossible 7” is pushed back to Nov. 19, 2021