By Peter Bart Editor-At-Large The chaotic impact of the coronavirus is affecting every sector of the cultural and entertainment scene – “an equal opportunity disaster,” in the words of one CEO.
Giant companies are canceling events and re-aligning strategies worldwide. The openings of major movies like the appropriately titled James Bond film No Time to Die are being pushed back.
And as major festivals face cancellation, smaller players in the film and TV industry are fearful of losing a vital resource – the ability to schmooze. “If the Cannes Festival is canceled, the indie film business could cumulatively lose 70% of its revenues, when you add festival losses to the setbacks stemming from the trade war,” predicts Marcy Hamilton, co-CEO
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