Coronavirus to test U.S. movie theatre box office

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Coronavirus to test U.S. movie theatre box office

By Lisa Richwine

 

FILE PHOTO: Cast members Tom Holland and Chris Pratt pose at the premiere for the film "Onward" in Los Angeles, California, U.S. February 18, 2020. REUTERS/Mario Anzuoni/File Photo

 

LOS ANGELES (Reuters) - U.S. theatre operators moved to prevent the spread of coronavirus and reassure audiences ahead of a weekend with options ranging from satirical thriller "The Hunt" to Pixar animated adventure "Onward" and faith-based film "I Still Believe."

 

Ticket sales over the next few days will provide insight into the movie business' resilience during the outbreak, box office analysts said.

 

The United States and Canada, which comprise the world's largest movie market, had been barely affected while theatres were closed in China, Italy and a few other countries. But concerns about the global virus outbreak hit shares of theatre chains this week, with AMC Theatre's <AMC.N> down nearly 20%.

 

The two largest U.S. theatre chains, AMC and Cineworld Group Plc's Regal Cinemas <CINE.L>, said they had halved their seating capacity to allow more space between moviegoers to prevent virus transmission.

 

The chains also limited seating in a single theatre.

 

No auditorium will allow more than 250 people, AMC said on Friday, adding that it had ordered additional cleaning of kiosks, restrooms, handrails and other areas and urged anyone feeling sick to stay home.

 

In the United States, theatres have remained open in times of national crisis including after the Sept. 11, 2001 attacks and during World War II.

 

"AMC remains firmly committed to offering a clean, healthy, entertaining environment every time," the company said in a statement.

 

While choices are varied this weekend, new movies will be limited in the next few weeks. Hollywood studios have postponed several upcoming blockbuster action films including James Bond thriller "No Time to Die," Walt Disney Co's <DIS.N> epic "Mulan" and the ninth "Fast and Furious" movie from Comcast Corp's <CMCSA.O> Universal Pictures.

 

"What's going to happen the next weekend when no big films are on the release schedule, and what happens the weekend after that?" said Jeff Bock, senior media analyst at Exhibitor Relations Co. "I don't know if (theatres) will be able to stay open just because there is no product."

 

Cineworld, which operates 9,500 theatres worldwide including 7,000 in the United States, said on Thursday the worst-case scenario it envisioned would be closing theatres for up to three months.

 

The number of coronavirus cases and level of worry about its spread varies in different U.S. cities, Bock said. Ticket sales will hinge partly on what people tell their friends about conditions they find at theatres.

 

"It's going to be word of mouth on a different level," Bock said. "Not on whether the movie was good, but on whether they had enough Purell and wipes."

 

(Reporting by Lisa Richwine; Editing by Chizu Nomiyama and Richard Chang)

 

-- © Copyright Reuters 2020-03-14

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[spidermike007]

For the next few months, very few Americans will be attending the movies. Most will watch at home, and the continuing trend of lower box office will continue. If you factor out Netflix, Amazon and the other streaming services, Hollywood is in fora rough patch.