The new James Bond movie was set to be released this November and offer some relief to the movie tickets business.
Except that is not. From WSJ Movie Industry’s Troubles are Far From A Wrap:
“No Time to Die is being moved from next month to April 2021. It was the last major release that could have propped up business for theater chains this year. U.K-based Cineworld said Monday it will be suspending operations at its U.S. theaters. Some 44% of US theaters haven’t reopened, according to Comscore. The ones that have aren’t drawing much of a crowd. According to Box Office Mojo, last weekend’s total domestic box-office was more than 93% below what October 2019’s weekends averaged.”
WSJ, @Dan Galagher, Oct. 5, 2020
“…major insurance providers aren’t willing to cover Covid-related shutdowns.
…Once coverage becomes available, the broker estimates Covid-related insurance and safety protocols will add an incremental $26 MM to a $100 MM film budget.”
WSJ
You can read the rest of the article yourself.
What it means for us is that my movie project, unfortunately, is being delayed indefinitely.
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