The Covid-19 outbreak has crippled the movie theater industry, as cinemas have been forced to close in order to adhere to social distancing restrictions and stem the rate of infection.
For the most part, studios have shifted their calendars to push back major blockbuster films to later in the year or to 2021. In rare occasions, films have opted to go straight to on-demand or to a streaming platform. "We very much believe in the value of the theatrical experience overall to launch blockbuster movies," Disney CEO Bob Chapek, said during"As you know we had seven $1 billion films in calendar 2019, but we also realized that either because of changing and evolving consumer dynamics, or because of certain situations like Covid, we may have to make some changes to that overall strategy just because theaters aren't open, or aren't open to the extent that anybody needs to be...
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