NEW YORK (1010 WINS) -- The entertainment business has come to a halt due to the spread of the novel coronavirus.
As the nation is asked to practice social distancing, movie studios such as Universal announced that their latest film, Troll World Tour, would be released on a streaming streaming platform instead of in theaters, as originally planned.
Consumers will be charged about $20 "which in NYC is about the cost of a movie ticket," Variety executive editor for film and media Brent Lang tells 1010 WINS.
"I wouldn't be surprised if it's not a fairly popular option," he adds.
This option is not ideal for the entertainment industry, since they cost a lot of money to make and are really dependent on a robust theatrical release globally in order to make a profit, Lang explains.
There are also 120,000 entertainment industry jobs and crews that have been lost because there are currently no productions happening, Lang notes.
"In a matter of days, the bottom has fallen out from entertainment industry," he adds.
When asked if he thinks the entertainment industry can make a roaring comeback, Lang says, "I think right now, it will be a gradual ramp up. " Adding, "same thing goes for concerts."
