Disney has announced it won’t be reporting numbers going forward
crisis has gripped the nation and shut down movie theaters nationwide, has announced it won’t be reporting numbers going forward.While many will say, “Well, duh” given how 4,933 domestic theaters are closed , ten countries only have partial closures while nine countries are enforcing capacity limitations . The rest of the world is closed including big markets France, Germany, Italy and Spain.
A statement released by a company rep read, “Given the current large number of theater shutdowns around the globe, Disney will suspend global weekend reporting for the time being. Wishing you and your families the best during these testing times and please be safe” Of course, this also includes the non-reporting of Disney’s 20th Century Studios and Searchlight labels. Note that without Disney reporting, it’s near impossible for any box office analyst to assemble any type of top 10 chart for either domestic or global B.O.
The entire entertainment industry has been shaken to the core over the last two weeks and to see the No. 1 historical studio unplug for a while, is horrible. It was milestone after milestone for Disney in 2019, as the studio passed $11B global for the first time in industry history, while international grosses of $7.354B were also a new benchmark . This is without the Fox figures which increased their worldwide to $13.152B and offshore to $8.823B.
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