Events are no more
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Fears of the coronavirus have prompted many closures, including even the Louvre. The World Health Organization says that coronavirus isn't a pandemic yet, but many people are still scared of crowded areas. As a result, major events—including the Six Nations Rugby Match, Facebook's Global Marketing Summit, Japan's Azalea Festival, global fashion weeks, the China Grand Prix, and the CERAWeek energy conference—have been canceled or postponed. Plus, there are concerns that the 2020 Summer Olympic Games, which are set to be held in Tokyo in July, might be canceled. That would be an enormous loss not just for the athletes but also for Japan's economy, networks around the globe, and related industries.
Halted Hollywood productions
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Excited about the next installment of the Mission: Impossible franchise? Sorry, but you might have to wait a little longer to see it. Production in Italy has been halted, due to that country's surging coronavirus cases, and that may affect its 2021 release date. While experts aren't yet sure what kind of impact the coronavirus will have on the entertainment industry as a whole, according to Business Insider, it's not looking good. Aside from production delays, theaters in China are closed, and this will affect Hollywood greatly. China is a massive market for films—especially those that need to make back their $200 million production budgets. Mulan's live-action remake, for example, which is due in theaters in the United States and around the world March 27, may not make it to China, which was expected to be its largest market. Next, find out the 14 diseases, aside from coronavirus, that you can prevent just by washing your hands.
Here's How Much the Coronavirus Is Costing the World (So Far), Source:https://www.rd.com/culture/how-much-the-coronavirus-is-costing-the-world/
