How the coronavirus is impacting the world's major film markets

The outbreak of the novel coronavirus is affecting the film industries not only in China but also many other countries where the epidemic is spreading on a large scale. 

As of Tuesday, China has reported 77,779 confirmed COVID-19 cases while the number in South Korea and Italy climbed to 1,146 and 323 respectively in just a couple of days. Other countries like Japan, the U.S. and Iran have also been hit by the epidemic. 

Film industry has been worst hit by the novel coronavirus as this art medium requires physical presence of the filmmakers and audiences on a large scale. As the first country to be hit by the virus, China pulled many films – some are potential blockbusters – out of cinemas since before the Lunar New Year (January 24) holiday. Now, some other countries are following suit to contain the spread of the highly contagious virus.

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