Page 38 - Millenial Finomics Issue 1
P. 38
this movie. Since the majority of a great loss to the movie in- had 26 million new subscriptions -ala” Therefore, we notice that
movies were delayed, all studios dustry in Egypt. The indus- (that included people who were the number of films released was
are facing significant losses be- try came to a complete halt previously subscribed to Netflix minimal, whether in the United
cause they are unable to finish for months.” The production and canceled their subscription). States or in the Arab world.
filming their films and releas- of movies in Egypt was also sus- Many movies and tv series were Now that the theaters are re-
ing them. However, although pended like the world. streamed through these servic- opened, and the virus is still
the release of countless movies Although movie industries are es during the pandemic, such as on the loose, will people go to
was postponed, that didn’t stop losing billions because of the “Casa de Papel” season 4, which the cinema or choose to watch
movie studios working on film- coronavirus, the number of us- was released on the 3rd of April, movies at home? Variety maga-
ing their future projects. Chris- ers of online streaming services “Project power” which was re- zine has conducted a survey that
topher Nolan, for instance, has seems to have increased during leased in August, “The Devil all was released in May, that shows
filmed his movie Tenet during the pandemic. In its article “TV the time” which was released on that 70% of United States citi-
the period of the pandemic, Dis- watching and online streaming the 13th of September, not only zens would rather watch movies
ney has also continued filming surge during the lockdown,” the were the streaming services re- at home than go to the theater,
their movie Mulan, Robert Pat- BBC stated that the subscriptions leasing new series and movies 13% would rather watch the new
tinson has started recently work- to online streaming services such but also managed to stream con- releases at theaters, and the oth-
ing on his film “The Batman.” as Netflix, Disney +, HBO max, troversial projects that moved er 17% are unsure whether they
In fact, cinemas in the United etc. have increased, and the num- the media such as the recently will go or not. One third from
States were reopened on the 21st ber of the new subscribers this released movie “Cuties” that was among those who were asked
of August, very few films were year has reached 12 million peo- heavily critiqued for sexually ex- said that they would go to the
released recently, where the ma- ple during the pandemic. Since ploiting minors. cinemas less often before, while
jority of them were massive fail- cinemas were closed and the citi- In the Arab world, however, dur- 10% have said that they may
ures such as “The New Mutants’’ zens were forced to stay at home, ing Ramadan, there were about never again go to the cinema.
and “Mulan,” and the pandemic the way for them to find enter- 18 major series that was released The majority of citizens show
definitely has an impact on this tainment during the lockdown in Egypt and aired on national fear of going out to the theaters
outcome. (However, Mulan has and the period of the pandemic television and were also streamed and public places in general, and
also faced backlash from another as a whole was at home would be on streaming services such as there is a restriction in the num-
POV with #bycottmulan trend- through watching streaming ser- Shahid and Watch it. ber of people who can watch a
ing due to the captivated Ughyur vices at home. Those new sub- Eid El Adha cinema season, movie that is applied to keep so-
Muslims.) scribers to the online streaming which is marked by a considera- cial distancing and make people
In Egypt, the situation isn’t very services were of all ages; 15% ble number of movies released ( feel safe; in effect, the number
different. An Egyptian actor and of those subscribers of the early it could exceed ten movies), has of people going to the cinema
movie director Sherif Azmy told weeks of lockdowns were above seen one movie gets released this has massivley decreased. In the
the AFP. “This year has been the age of 65. Netflix alone has year, which was called “El Ghas- previously mentioned article, it is
38 39
