‘Mulan,’ ‘No Time To Die,’ ‘F9’ Lost Millions Due To Coronavirus Outbreak, Delay

A number of films are losing millions due to the coronavirus outbreak.

The release dates of “Mulan,” “No Time to Die” and “Fast and Furious 9“ were pushed to 2021. The three took out Super Bowl ads which wiped them out a total of $15 million. “F9” was over two months from release, so its losses were smaller compared to the two, The Hollywood Reporter noted.

The COVID-19 outbreak could take $20 billion from Hollywood. At present, the global box office has already taken a coronavirus hit of at least $7 billion. If the pandemic will continue in the remainder of March, April and May the lost revenue could climb up to $10 billion making a total of approximately $17 million. If it continues beyond May, Hollywood will endure more losses.

Disney was forced to pause a number of production including Marvel Studio’s “Shang-Chi and the Legend of the Ten Rings” which is shooting in Australia and its live-action “Little Mermaid”film in London.

Sources say that the production shutdown caused an expensive setback for multinational mass media and entertainment conglomerate by about $300,000 to $350,000 a day.

“It's not like you can stop on a dime,” a source revealed. “You need to keep department heads going and maybe a level down from there through the hiatus.”

Meanwhile, it’s unclear if the losses will be covered by insurance.

“If we are talking in terms of protecting lost revenue due to enforced shutdown or scale-down of operations, some property policies may offer limited amounts of coverage, although many have specific communicable diseases exclusions,” said attorney John Tomlinson, who specializes in insurance and risk management law.

Meanwhile, several reality and game shows have adjusted their production for the same reason. Fremantle released a statement announcing that its productions “America’s Got Talent” and “Family Feud” would film without live audiences. Also, it decided to suspend the production of ”The Price is Right” for a short-term because live audiences are integral to its format.

Meanwhile, President Donald Trump declared March 15 as a National Day of Prayer. The POTUS announced it on Twitter and online users have mixed reactions. Some supported it while others wanted more testing kits.