Despite the growing number of streaming platforms, the production of movies is at a virtual standstill. As long as the COVID-19 remains a threat, studios will be making fewer movies and theaters will have fewer films to show.
Movies postponed include likely blockbusters Black Widow, Candyman, A Quiet Place Part II and Wonder Woman 1984. The Disney company shifted some of its high-profile releases to online-only, this includes the much-touted Mulan.
AMC, the largest US theater chain, has experienced over 2.4 billion in losses due to the pandemic. Despite a rebounding stock market in some sectors, the layoffs continue. Disney recently announced that it will lay off 28,000 employees due to the COVID-19 pandemic.
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