COVID-19 Takes The Entertainment Industry By Storm

As of the past couple of weeks, the coronavirus or COVID-19 has become a major worry in most of the world. As of now, the growing pandemic has caused restrictive mass quarantines in several countries including Italy, China, El Salvador, New Zealand, Poland, Ireland, Denmark, and Spain. More than 27 countries have even closed their borders to foreign nationals in an attempt to stop the spread of the virus. With 181,344 reported worldwide cases and 7,130 deaths, the virus caused widespread panic amongst people who fear being infected by it. However, the effects of the coronavirus aren’t limited to the people infected. Many businesses and industries, like the entertainment industry, have suffered greatly because of the virus. With the growing number of cases being reported, one can only imagine what is left to come.

 

Billie Eilish and Frank Ocean are among some of the artists who have had to cancel their shows because of the virus outbreak

COVID-19 and the Music Industry:

Many of the anticipated music festivals like SXSW, Live Nation, AWG Tours, and Coachella have been either suspended or postponed for later in the year. While this has caused a wave of outrage amongst fans, it’s also caused many of the companies and donors holding the festivals and concerts to lose thousands of dollars. Kristen Jaconi, director of the Risk Management program at the University of Southern California’s Marshall School of Business told the Rolling Stone that for many of these companies, the coronavirus “is the worst risk management challenge they’ve faced since the crash in 2008.” Many concert businesses are facing billions of dollars in lost income due to concert cancellations caused by COVID-19. Many artists like Elton John, Louis Tomlinson, Billie Eilish, and Cher have had to cancel and postpone shows to lower the risks of spreading the virus. The full list of all canceled musical performances can be found here. As of now, no album releases have been postponed because of COVID-19.

For smaller music artists, cancellations caused by COVID-19 are having a far more damaging effect as many of them are left without a source of income. Classical violinist, Miriam Davis told ClassicFM, “On top of the sadness and anxiety of the virus situation, every musician I know is now facing bankruptcy. We cannot pay our rent, we cannot buy food, and we see no relief from this situation.” For many of these artists, the virus has caused a threat to their way of life.

 

COVID-19 and the Film Industry:

Actor, Tom Hanks and his wife, Rita Wilson have recently opened up about testing positive for coronavirus while in Australia.

The film industry has taken a huge dive as it’s being faced with the effects of the COVID-19 outbreak. In North America, box-office revenue has dropped to its lowest level in two decades as people are being encouraged to not leave their homes. Cinematic attendance in the U.S. took a drastic dive this past weekend due to the rise in restrictions; it doesn’t seem to be getting better. Analysts have estimated that the outbreak has cost the global box office as much as $5 billion. However, the U.S. isn’t alone in this. Cinemas in France, Spain, China, and Italy have had to temporarily close down due to the lack of business. Variety reported that the total box-office revenue from March 13th to March 15th was about $55.3m, the worst turnout since September 2000 and a 45% drop from the prior weekend. Even the top-performing film, Pixar’s Onward had a threatening fall of 73.1%.

Many of the most anticipated 2020 movie releases have had to be postponed due to the virus outbreak. Among these movies are Mulan, Antlers, No Time To Die, and F9 which was postponed until 2021.  Nearly a dozen other films set to be released in March or April have also postponed their releases. A full list of all the postponed movies can be found here. Another danger is the risk of exposure that actors and others in the film industry take when working on sets or when traveling for work. Actor, Tom Hanks and his wife, Rita Wilson have recently opened up about testing positive for coronavirus while working on a movie set in Australia. To avoid these problems, many TV shows and films have postponed production until later in the year. 

 

Sources:

https://filmschoolrejects.com/coronavirus-movie-delays/

https://qz.com/1813387/a-vulnerable-film-industry-feels-the-impact-from-coronavirus/

https://www.foxnews.com/entertainment/tom-hanks-rita-wilson-hospital-coronavirus-diagnosis-report

https://www.marketwatch.com/story/a-summer-without-music-the-show-must-go-on-for-musicians-despite-coronavirus-cancellations-2020-03-12

https://www.hollywoodreporter.com/news/film-industry-facing-5-billion-loss-coronavirus-outbreak-1282038

https://www.billboard.com/articles/business/touring/9323647/concerts-canceled-coronavirus-list