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Analysts warn that the box office will plunge by more than 50% for 2020
The US box office will be slashed in half this year, according to new research.
Wall Street analysts MoffettNathanson has run the numbers, and has predicted that due to the shuttering of theatres across the country, revenue will fall from $11.4 billion last year to $5.5 billion for 2020.
The research also warns that if cinemas don't re-open effectively over the summer, following the coronavirus lockdown, the damage could be even more severe.
UK production gets greenlight to resume as BFC issues Covid-19 safety guidance
Australia Sets Comprehensive COVID-Safe Guidelines For Film & TV Production
While the Hollywood unions and studios are still deliberating over protocols for safe return to production amid the coronavirus pandemic, the Australian film and TV industry has released its COVID-Safe Guidelines to help get their industry back to work.
Spanning 41 pages, this is the most comprehensive set of official country or state recommendations to date, addressing in detail every aspect of production.