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Asia Box Office Down 88% in First Quarter, Hit By Coronavirus
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variety.com
variety.comBy Patrick Frater Asia Bureau Chief The coronavirus outbreak has caused an 88% drop in theatrical box office income in Asia-Pacific.
The figure comes from a report by S&P Global Market Intelligence and OPUSData, which shows just $528 million of box office revenue in the world’s largest theatrical region over the January to March period.
Cinemas around Asia reacted differently and at different times according to local and national regulations. China’s cinemas were closed by government order in late January and, with an insignificant number of exceptions, have not been reopened since.
South Korean operators closed large numbers of cinemas in response to tumbling demand. In Japan a state of emergency was not declared until mid-April, and
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