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Box office at Regal South Beach. Photo: Jeff Greenberg/UIG via Getty Images.

The film industry is on pace to lose billions of dollars due to the deadly coronavirus outbreak around the world, according to analysts.

Why it matters: In the U.S., the largest box office in the world, consumers who are spooked by the virus have little incentive to leave their houses to see a movie if they can stream something at home. In China, the second-largest global box office, most theaters have been temporarily closed.

Driving the news: 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.

  • Thousands of theaters in China have been closed due to outbreak. The Chinese box office has so far lost an estimated $200 million in 2020.

Studios are beginning to rethink their rollout strategies, especially as many are reliant on Chinese box office revenues.

  • Disney has delayed the China release of its live-action remake of "Mulan," which was expected to be a major money-maker.
  • 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.

By the numbers: The corornavirus outbreak is causing movie theater stocks to tumble out of fears that the virus will keep movie-goers away from theaters. Most theater-chain stocks are down by 25%-40% over the past six months, with major dips occurring within the last month.

Expand chart
Data: Yahoo Finance; Chart: Axios Visuals

The global box office hit a record high last year, thanks mostly to growth in China. The North American box office brought in $11.4 billion, its second-highest year after 2018, while the Chinese box office totaled $9.2 billion, growing faster than North America.

  • Analysts predicted that the Chinese box office would soon surpass the North American box office as the largest globally, but that's unlikely to happen this year due to the virus.

Between the lines: The virus has also caused major entertainment companies to issue warnings to investors of the possible hits to theme parks, resorts and cruise lines.

  • Shanghai Disney announced on Jan. 25 that it would temporarily close due to the coronavirus. It has yet to issue a reopening date.
  • Tokyo Disneyland and Universal Studios Japan have already experienced temporary closures.
  • Disney Cruise Lines have implemented precautionary restrictions.

The big picture: While the out-of-home entertainment industry is expected to suffer, in-home entertainment is anticipated to thrive, as more people will be staying home, likely glued to their televisions.

  • GroupM's Brian Wieser, one of the top global advertising industry analysts, predicts that television advertising sales may experience a boost due to increased viewership, but outdoor advertising like billboards and subway posters "may be worse off with lower levels of foot traffic in many places."

Go deeper: Coronavirus scare hits media, advertising industries

Go deeper

28 U.S. citizens depart Afghanistan on Qatar Airways flight

Passengers board a Qatar Airways aircraft bound to Qatar at the airport in Kabul on September 10, 2021. Photo: Aamir Qureshi/AFP via Getty Images

The State Department on Saturday confirmed that a Qatar Airways charter flight left Kabul on Friday with 28 U.S. citizens and seven lawful permanent residents on board.

The big picture: Friday's flight is the third such airlift by Qatar Airways since the Taliban takeover of Afghanistan, AP reports.

Updated 4 hours ago - Politics & Policy

Smaller than expected "Justice for J6" rally met with large police presence

Police officers watch as demonstrators gather for the "Justice for J6" rally in Washington, D.C., on Sept. 18, 2021. Photo: Andrew Caballero-Reynolds/AFP via Getty Images

A few hundred demonstrators were met by a heavy law enforcement presence on Saturday at the "Justice for J6" rally outside the fenced-off U.S. Capitol, AP reports.

The latest: Four people were arrested at the rally, including one person with a gun, one with a knife and two with outstanding warrants, per the U.S. Capitol Police.

DHS to increase deportation flights to Haiti from Del Rio

Migrants walk across the Rio Grande River carrying supplies back to a makeshift encampment under the international bridge between Del Rio, Texas, and Acuña, Mexico. Officials are struggling to provide food, water, shelter and sanitation, forcing migrants to cross the Rio Grande several times per day for basic necessities. Photo: Jordan Vonderhaar via Getty Images

The Department of Homeland Security on Saturday announced plans to ramp up deportation flights to Haiti out of the small Texas border town Del Rio, starting as soon as Sunday.

Why it matters: Reports have emerged of more than 10,000 migrants, primarily from Haiti, crowded in a temporary camp under the international bridge in Del Rio. Hoping to find refuge in the United States, they've had to bear with filthy conditions and the scorching sun for days, per an NBC News affiliate.