How the coronavirus hurts movie theaters: 'Some will shutter and never re-open'

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How the coronavirus hurts movie theaters: 'Some will shutter and never re-open'
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Theaters attempt to remain open in limited capacity as Hollywood suffers cultural and economic consequences due to pandemic.

While the coronavirus rages on, several states, including New York and California, have announced restrictions on large “non-essential” gatherings, which have impacted theatrical shows, sporting events, music festivals and conferences. Until now, however, movie theaters have managed to stay open as the pandemic escalates in the United States.

While countries like France, China, Spain and Italy have increasingly locked their cinema doors, so far U.S. theater chains have been resistant to completely closing, instead preferring to limit access. On Friday, two of the largest — AMC Theatres and Regal Cinemas — reduced seating capacities by 50 percent. In a statement to Yahoo Entertainment from AMC, CEO Adam Aron said,"These are uncharted times in the United States. We are very closely monitoring the guidance of the CDC.

According to The Hollywood Reporter, Canadian’s Cineplex Entertainment has reduced seating, and smaller California venues the Egyptian Theatre and Aero Theatre have curtailed screenings and events. Earlier in March, due to a “thorough evaluation of the global theatrical marketplace,” the James Bond film No Time to Die was delayed from April to November. The major studios have also shut down production on films around the world.

Analyst Karie Bible of Exhibitor Relations Box Office says economic bruising will be unprecedented. “Even after 9/11 or the Great Depression, people went to the movies to escape for two hours,” she tells Yahoo Entertainment. “This impacts the actors, but also production assistants, makeup artists, parking attendants and food service workers. Unemployment rates could be devastating, especially for the many freelancers or independent contractors who don’t get sick leave.

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