The Walt Disney Company announced it will stop reporting on box office results amid the theater closings caused by the coronavirus pandemic.
The ongoing coronavirus pandemic has prompted governments across the world to restrict group gatherings in an effort to slow the spread of the virus. As a result, movie theaters in multiple countries have been forced to close and the shutdowns have consequently limited the revenue studios can earn with their recent releases.
With movie theaters across the world closing or severely limiting their capacity, The Walt Disney Company has announced that it will no longer report on the box office numbers for now. In a statement released by Disney representative, the company also wished people well during the coronavirus pandemic:
“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.”
This decision will, of course, apply to Disney’s 20th Century Studios and Searchlight labels.
The company’s decision is just the latest effect the coronavirus has had on the entertainment industry. As previously mentioned, theaters in multiple countries are closing and some studios have decided to make certain titles available for digital rental or purchase early while postponing the theatrical debuts of others. Furthermore, Disney recently suspended or postponed production on several projects, including the live-action remake of The Little Mermaid, Peter Pan & Wendy, the new Honey, I Shrunk the Kids sequel, the Home Alone reboot, Ridley Scott’s The Last Duel, and Guillermo del Toro’s Nightmare Alley.
What do you make of Disney’s decision to temporarily suspend reporting on box office numbers? Let us know below and stay tuned to Heroic Hollywood for the latest news on the coronavirus’ impact in the entertainment industry as it develops.