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Vicky Lee attends the European Premiere of Disney's "MULAN" in London. Photo: Ian Gavan/Getty Images for Disney

Major Hollywood studios are yanking expected blockbusters off of their debut schedules in fear that they will miss the movie-going crowds due to the global coronavirus outbreak.

Why it matters: The film industry is on pace to lose billions of dollars from movie markets around the world, according to analysts.

Driving the news: Disney said Thursday it's pulling "Mulan" off of its film schedule. It's also postponing "The New Mutants," an X-Men thriller, and "Antlers," a horror film.

  • The news comes just hours after Universal Pictures said it would move its anticipated hit "F9," the latest in the Fast and Furious series, from May 22, 2020, to April 2, 2021.

Be smart: 'Mulan" was expected to be one of Disney's highest-grossing hits of the year, especially in China, where its opening has been postponed indefinitely. Universal's Fast and Furious franchise tends to make most of its money internationally.

  • Many theaters are closed around the world, especially in China, in an attempt to stop the spread of the virus. In other market like the U.S., movie-goers may opt to stay home instead of exposing themselves to anyone that could pass on the virus.

Between the lines: The cancellations come just days after Hollywood studio giants began pulling films.

  • The opening of the latest James Bond movie "No Time To Die" has been delayed. The original April release date was postponed until November due to coronavirus impact, according to a statement.
  • Other award-winning films like "1917," "Jojo Rabit" and "Little Women" have been removed from the Chinese release schedule.
  • Some studios have had to halt production of films in places that have been impacted by the virus. Paramount delayed production of "Mission: Impossible" in Italy.

Go deeper: Movie industry braces for major hit due to coronavirus

Go deeper

16 mins ago - World

Report: "Clear evidence" China is committing genocide against Uyghurs

The scene in 2019 of a site believed to be a re-education camp where mostly Muslim ethnic minorities are detained, north of Kashgar in China's northwestern Xinjiang region. Photo: Greg Baker/AFP via Getty Images

Chinese authorities have breached "each and every act prohibited" under the UN Genocide Convention over the treatment of Uyghurs and other Muslim minorities in China's Xinjiang province, an independent report published Tuesday alleges.

Why it matters: D.C. think-tank the Newlines Institute for Strategy and Policy, which released the report, said in a statement the conclusions by dozens of experts in war crimes, human rights and international law are "clear and convincing": The ruling Chinese Communist Party bears responsibility.

Updated 2 hours ago - Technology

Twitter sues Texas AG Ken Paxton

Texas Attorney General Ken Paxton at February's Conservative Political Action Conference in Orlando, Florida. Photo: Joe Raedle/Getty Images

Twitter on Monday filed a lawsuit against Texas Attorney General Ken Paxton (R), saying that his office launched an investigation into the social media giant because it banned former President Trump from its platform.

Driving the news: Twitter is seeking to halt an investigation launched by Paxton into moderation practices by Big Tech firms including Twitter for what he called "the seemingly coordinated de-platforming of the President," days after they banned him following the Jan. 6 Capitol insurrection.

7 hours ago - Politics & Policy

Senate retirements could attract GOP troublemakers

Sen. Roy Blunt (R-Mo.). Photo: Jim Lo Scalzo/EPA/Bloomberg via Getty Images

Sen. Roy Blunt's retirement highlights the twin challenge facing Senate Republicans: finding good replacement candidates and avoiding a pathway for potential troublemakers to join their ranks.

Why it matters: While the midterm elections are supposed to be a boon to the party out of power, the recent run of retirements — which may not be over — is upending that assumption for the GOP in 2022.