could be facing $5billion in losses due to international Coronavirus ...

The international Coronavirus outbreak could lose the film industry as much as $5billion, according to The Reporter.

Box offices have been taking a hit since Chinese theaters shuttered for the past weeks and now cases throughout the , South Korea, and Japan are only intensifying bottom-line worries.

While $5billion is the current estimate, the number could grow even bigger if the outbreak continues to intensify in the US, where there have been 100 confirmed cases so far.

Unhealthy numbers: The international film market could lose as much at $5billion from the Coronavirus outbreak

Unhealthy numbers: The international film market could lose as much at $5billion from the Coronavirus outbreak

Currently the virus has infected over 90k. The resulting respiratory illness known as COVID-19 has left more than 3000 dead internationally.

The outbreak has left over 70k Chinese theaters closed for the past several weeks, devastating the world's second largest movie market.

Over the Chinese New Year holiday from January 24 to February 23, movie ticket sales plunged from 2019's whopping $1.76billion to a paltry $4.2million, according to consultancy group Artisan Gateway. 

And theaters are unsure if they will get to open soon, expecting weeks - if not months - more closures. 

Countries like , South Korea, and Japan - the world's fourth largest box office market - are also facing significant numbers of cases, further suppressing film profits.

Spreading: While $5billion is the current estimate, the number could grow even bigger if the outbreak continues to intensify in the US, where there have been 100 confirmed cases so far

Spreading: While $5billion is the current estimate, the number could grow even bigger if the outbreak continues to intensify in the US, where there have been 100 confirmed cases so far

Empty: The outbreak has left over 70k Chinese theaters closed for the past several weeks, devastating the world's second largest movie market

Empty: The outbreak has left over 70k Chinese theaters closed for the past several weeks, devastating the world's second largest movie market

is now home to 2500 cases, while South Korea has confirmed 4300 infections and Japan is dealing with 221.

It's reported that South Korea's box office revenue has slumped a full 80% year-over-year.

'Theaters are open, but they might as well not be,' one distributor told The Reporter.

'The atmosphere of fear is palpable,' an official at South Korea's largest theater chain CGV told press. 'The situation is similar to what we’ve seen during the spread of swine flu in 2009, when there were 80,000 infected cases in Korea.

Shut it down: Half of Italy's theaters are reportedly closed, mostly in the richer northern region of the country

Shut it down: Half of

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