China’s virus-hit box office faces losses of over $4.2 billion: state media

FILE Picture: Individuals observe a film at a cinema in Wanda Group’s Oriental Movie Metropolis forward of its opening, in Qingdao, Shandong province, China April 27, 2018. REUTERS/Aly Song/File Picture

SHANGHAI (Reuters) – China’s film box workplace faces losses of much more than 30 billion yuan ($4.24 billion) this year soon after the coronavirus epidemic compelled theatres to shut and the production and distribution of movies to be suspended, condition media reported on Wednesday.

The estimate was furnished at a conference organised by the industry’s regulator, the Countrywide Movie Administration, according to a report by condition broadcaster CCTV-6’s China Movie

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