Walt Disney Co. (DIS) announced having postponed live action release of widely watched classic animation ‘Mulan’. Disney pushed the release to August 21 further saying it will be a blow to theater operators who were looking forward for live release of the blockbuster animation.
Initially, Mulan was set to premiere in March but due to coronavirus pandemic, the date was pushed to July 24. Disney was hoping by July perhaps things will be better and thearters would back to operations, sadly from the look of things the pandemic is yet to go away.
“While the pandemic has changed our release plans for ‘Mulan’ and we will continue to be flexible as conditions require, it has not changed our belief in the power of this film and its message of hope and perseverance,” said Alan Horn, co-chairman of Disney Studios.
The thearter industry is among worst hit by pandemic since the thearters around the world were shut down to minimize rapid speeding of coronavirus mainly because they would act as hotspots for spread of the deadly virus.
The Disney’s classic animated movie in which Yifei Liu plays lead role is valued at $200 million.
Thearter operators were betting on two big movies Mulan and Tenet both slated for July to premiere to help them attract crowds back into the theartres.