Cancellation and Postponement of Events will Impact China Entertainment Industry Amidst COVID-19 Pandemic

China entertainment industry will see the considerable growth of 11.8% during the forecast period. The COVID-19 pandemic has put the Chinese entertainment industry under severe strain owing to the economic loss caused due to complete lockdowns, flight restrictions, transportation cease across the nation. Amid the COVID-19 pandemic, the Chinese film industry has been suffered terribly. Studios are also moving towards the online video streaming of their movies.

Entertainment Venues Cancellations, Postponements, and Shutdowns due to COVID-19 pandemic-

• For the celebration of the Lunar New Year, for which hundreds of millions of people travel across Asia, Chinese cities such as Beijing have canceled most of the celebrations and closed major cultural sites.
• The Chinese Grand Prix in Shanghai set for April 19, has been postponed by the governing body Federation Internationale de l'Automobile (FIA) and Formula One.
• The start of the Avril Lavigne’ s Asian leg of her ‘Head Above Water World Tour’ in Shenzhen, China, on April 23, has been canceled.
• The Asian Athletics Association’s indoor championships to be held in Hangzhou was also canceled.
• The Boston Symphony Orchestra announced the cancellation of its Asia tour that included Taipei in Taiwan and Shanghai and Hong Kong in China. 
• The World Athletics Indoor Championships, to be held in Nanjing in March were postponed until next year in 2021.
• Disney closed its $5.5 billion mega theme park in China, the Shanghai Disney Resort, in response to the prevention and control of the disease outbreak.
• China releases for Paramount’s Sonic the Hedgehog; Universal’s 1917, and Dolittle; Searchlight’s Jojo Rabbit has been postponed indefinitely.

Browse the full report description of "China Entertainment Market Size, Share & Trends Analysis Report by Type (Online Video Streaming, Amusement Parks, Theatrical & Film Productions, Sports, and Live Events and Trade Shows), Impact of COVID-19 on China Entertainment Industry, and Forecast 2019-2025" at https://www.omrglobal.com/industry-reports/china-entertainment-market

Market Coverage

Key questions addressed by the report

• What is the market growth rate during the forecast period?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market during the forecast period?
• How COVID-19 will impact the market growth in 2020 and coming years?

o Recovery Timeline

o Deviation from pre-COVID 

o Most affected segment

o Recommendations 

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

China Entertainment Market – Segmentation

By Type

• Online Video streaming
• Amusement Parks
• Theatrical and Film Production
• Sports
• Live Events and Trade Shows

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