Box office downturn and revenue drop due to the coronavirus in North America 2020
The coronavirus has already significantly impacted box office markets in North America, with recent data showing that box offices in Montreal generated just 209 thousand U.S. dollars in revenue on the weekend ending March 15, 2020, down by 72 percent from the previous weekend. New York and Boston were also among the hardest hit with a revenue downturn of over 60 percent each from the weekend ending March 8, and number one box office market Los Angeles suffered losses of 53 percent in the same time period. It is worth nothing that some markets were more heavily affected due to the number of coronavirus cases logged within each state, and also that in between these two weekends the World Health Organization declared the coronavirus to be a global pandemic which sent many industries into shock and saw the introduction of increased measures to contain the virus, including movie theater closures and film release cancellations.