Chinese cinemas ‘on their knees,’ reduced to selling popcorn, wedding packages as Netflix, streaming sites gain viewers

Cinema owners in mainland China are being reduced to selling popcorn without movies, and offering their sites for wedding shoots, while consumers turn to Netflix and other popular streaming services for entertainment during the coronavirus outbreak.Without a blockbuster since the Lunar New Year in late January, analysts expect the number of closures to double this year, after 267 of 12,408 went out of business last year. Wanda Films, which operates 603 cinemas in the country, has warned of deep…

from South China Morning Post https://bit.ly/3aAsjNN