COVID-19 Has The Potential To Cause Losses

JAKARTA - The remake version of Mulan is in danger of experiencing a big loss. The outbreak of COVID-19 or the corona virus that started in China is the cause.

The Disney film's release date which was originally March 27 was postponed until further notice. The Bamboo Curtain country has closed nearly 70,000 cinemas by at least April.

The budget for Mulan exceeds $ 200 million, making it Disney's most expensive film adaptation to date. Paul Dergarabedian, senior media analyst for Comscore, explained the situation to Yahoo Finance.

"China can represent a large percentage of international and global box office film revenues, so this will have an impact on whatever films are scheduled," he said. Launched NME, Wednesday, February 4.

This Niki Caro film features an all Asian cast, deviates somewhat from the usual Disney releases, and is also labeled PG-13.

Elsewhere, the coronavirus is also affecting the theater box office in Italy, which has seen a 75 percent drop in revenue compared to the same period last year, according to Deadline.

More than half of the cinema screens in Spaghetti Country are closed, as Italy currently has the third largest number of cases after China and South Korea.

Liu Yifei, who plays the hero Mulan, spoke on the topic of the coronavirus recently to The Hollywood Reporter.

"It's really hard for me to think about it," said Yifei.

“People are doing the right thing. They are careful for themselves and others. I was really touched to see how they haven't been out for weeks, "he said." I was really looking forward to a miracle and it was coming to an end. "