To be clear, the coronavirus isn’t going to go away anytime soon, and certainly not by 2021. The most optimistic of reports report that a vaccine could begin distribution by the middle of 2021, but even then it could end up not being as effective as anticipated. This is not to mention the fact that dozens of different vaccines are being produced globally and that many people might not even take the vaccine, perpetuating its spread.
The Wrap is reporting (via CBR) that at Bank of America’s 2020 Media, Communications & Entertainment Conference Sony Pictures Entertainment Chairman Tony Vinciquerra said “What we won’t do is make the mistake of putting a very, very expensive $200 million movie out in the market unless we’re sure that theaters are open and operating at significant capacity
This means that Spider-Man 3 and Venom 2 will not be released in theaters until the pandemic is over, meaning that their 2021 release dates may not stay very long.
The less than stellar box office performance of Tenet and Mulan in theaters likely played a part in this new announcement:
“You’ll see a lot of strange things happen over the next six months in how films are released, how they’re scheduled, how they’re marketed, but once we get back to normal, we will have learned a lot I think and found ways to do things that are somewhat different and hopefully better.”