2020 has been like a movie, not a very good one, but nonetheless still a movie, that is postponing the release of actual movies. The effects of COVID-19 have left a giant hole in the filming industry, because production companies could not have actors and film crews work in person.
Some countries have done better than others at reducing the spread of the virus. Which means that the countries that have done a better job of quarantining, will be able to resume filming sooner. This will give those countries a huge advantage.
People are practically begging for new movies to be released in theaters, meaning there will be a spike in sales as soon as theaters show new movies. Those films may even be shown in other countries’ movie theaters. We will most likely see a spike in foreign films being shown here in the U.S.
Film production companies are beginning to resume filming, however they have to follow guidelines and practice social distancing. This means that production will still be on the slower side until the spread of COVID-19 is significantly reduced or practically gone.
The movie industry has taken a huge hit due to not being able to release new movies or continue production for other movies. Companies have tried to find a way to make more profit off of movies in theaters while competing with streaming services. For example, Disney has tried to find a solution to release their new live action film “Mulan” on their Disney+ app, while still making money off of the movie alone. Since Disney will not be releasing “Mulan” in theaters, they will be releasing it on the Disney+ app, but it costs $29.99 to view it before a certain date. Disney also bought the rights to show the musical “Hamilton” to help generate revenue.
As for the next few months, movie theaters will continue to play old movies to gain some sort of profit. This will be a rough year for us movie buffs, but there will be an abundance of movies to choose from once production companies start releasing new movies again.