Movie Theater Sales Take a Hit
Audiences stayed away from theaters nationwide this past weekend in record numbers, due to concerns over COVID-19.
According to Box Office Mojo, the top ten movies only grossed $50.35 million. That is the lowest total revenue for this time of year since 1995. Many theaters nationwide have already closed their doors until further notice due to the growing concerns of COVID-19. On top of that, many that remain open have reduced their capacity to 50%.
Not only is the movie industry feeling the hurt of reduced revenue from ticket sales, but many films that were already in production, such as the new Batman (starring Robert Pattinson as the caped crusader) have shut down production entirely.
The good news? Internet streaming numbers are sure to be up as we all practice social-distancing. At least we have Netflix, Disney+, Amazon, and others, right?
Are you practicing social-distancing or are you still partaking in recreational activities like going to the movies?