Nancy Tartaglione International Box Office Editor/Senior ContributorA pair of China-focused panels at the Cannes Virtual Market this morning provided some insight into what’s happening in the Middle Kingdom as Beijing deals with a recent reemergence of coronavirus cases and movie theaters remain shuttered.
The news wasn’t terribly positive.Jerry Ye, Chairman of Huaying Tianxia (Tianjin) Film Development said there is “no timetable for reopening for cinemas just yet.
It’s a complicated situation, especially now with the situation in Beijing. The prirority is about the safety of moviegoers.”Cinemas have been closed since late January in the world’s second largest box office market, and estimates are that grosses will be down by at least $4B.
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