Updated: Jun 17, 2021
By Sandy Rodriguez
How paradoxical. On the one hand, the quarantine brought on by COVID-19 has made people—if they are lucky enough to not be ill or putting themselves at risk on the front lines—more appreciative of movies, TV shows, and other forms of entertainment they can consume in their homes to pass the time.
At the same time, however, the virus has dealt a huge financial blow to the entertainment industry. This field was hit especially hard because it involves many people interacting, physical proximity, and, often, travel.
Production of most projects remains at a standstill. Movie theaters are closed. Film festivals, live shows and concerts have been postponed or cancelled. The same is true for promotional events such as film junkets, which in some instances have been replaced by video calls with members of the press.
Streaming services, it would seem, are the one sector that is doing well, since subscriber numbers are up now that so many people are home. These companies, however, need to keep their subscribers interested once the pandemic is over. Also, producing content at this time is a challenge for them, as it is for all studios.