Coronavirus wreaks damages on Hollywood
Coronavirus wreaks damages on Hollywood! Coronavirus wreaks damages on Hollywood, threatens to sink billions of dollars. Coronaviruses spread claws all over the world like a demon. People are sitting in their homes in the horror of Corona. This life-threatening virus has swallowed more than 13,000 lives so far while millions of people are affected by it – the Coronavirus has had a very bad impact on the world economy.
It has devastated Hollywood, the world’s largest entertainment industry. The Hollywood films shooting of almost all made by billions of trillions of budgets have stopped. According to the US Entertainment Industry Union IATSE (International Alliance of Theatrical Stage Employees), the Hollywood shutdown caused by the recent shutdown caused by the Coronavirus. Millions of people are jobless.
Biggest and most expensive events
Not only that, many of the biggest and most expensive events linked to the entertainment sector have also been canceled due to the Coronavirus. According to The Hollywood Reporter, due to the effects of Coronavirus decisions Hollywood is expected to lose $ 20 billion this year.