The entertainment industry stands to take a $12 billion hit as the pause button is hit on films, concerts, and television by MadelinePBerg
“No one can precisely predict when public life will return to normal, but it will return,” Patrick Corcoran, the president of the National Association of Theater Owners, said in a statement on Match 17. “When those titles are rescheduled, they will make for an even fuller slate of offerings than normal as they are slotted into an already robust release schedule later in the year.”
While those logistics will reverberate widely across show business sectors, consumers may be in for even bigger, long-lasting changes.
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