How the Coronavirus Is Ruining the Movie Theater Industry
Following the worst weekend box office performance in roughly two decades, California and New York have started to implement mandatory movie theater closings due to the novel coronavirus outbreak.
With last weekend's cumulative North American ticket sales totaling just $55.3 million, it's clear that potential moviegoers were already avoiding theaters. Two of the the biggest movie-market states in the U.S. are now implementing compulsory shutdowns for theaters, and additional state-level or federal actions will likely follow. It's shaping up to be a brutal year for the movie theater industry.
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Source Fool.com
