Hollywood movie studios suspend release of box office data after coronavirus slump

Published 03/19/2020, 08:16 PM
Updated 03/19/2020, 08:20 PM
DIS
-

LOS ANGELES (Reuters) - Movie studios Walt Disney (NYSE:DIS) and Universal Pictures said on Thursday they were suspending the release of box office data because of the closure of movie theaters in multiple countries in a bid to contain the coronavirus.

The decision follows the worst weekend in more than two decades at the North American box office last week.

"Given the current large number of theater shutdowns around the globe, Disney will suspend global weekend reporting for the time being. Wishing you and your families the best during these testing times and please be safe," Disney said in a statement.

Universal Pictures said it was also pausing the circulation to the media of box office data.

Movie studios typically release box office receipts from movie theaters around the world that measure the popularity of their films with the public.

However, in the past few days movie theater chains in the United States, Canada and Britain have shut down due to bans on large gatherings. Italy, France, South Korea and other countries have imposed more stringent lockdowns in a bid to restrict the spread of the disease.

Movie theaters in China, Hollywood's biggest overseas market, have been shuttered for weeks because of the virus.

Hollywood's two other main movie studios - Sony Pictures and Warner Bros - did not immediately respond to queries on Thursday on whether they also planned to stop releasing box office data.

Ticket sales in North America last weekend slumped to the lowest levels in more than 20 years, generating roughly $55 million between Friday and Sunday.

© Reuters. The logo of the Walt Disney Company is displayed above the floor of the New York Stock Exchange shortly after the closing bell as the market takes a significant dip in New York

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.