Variety reports that combined movie ticket sales in China across January and February came in at just $238 million this year, down from roughly $2.15 billion in 2019 as a result of the country closing theaters to stem the spread of the novel coronavirus. The entertainment-industry trade journal also reports that the Italian box office receipts were down roughly 75% year over year across the Feb. 28 to March 1 timeframe, and roughly half of the country's movie theaters have now closed. The COVID-19 coronavirus outbreak is also having an impact on release timing and production. Walt Disney (NYSE: DIS) recently delayed the Chinese release of its live-action Mulan remake, ViacomCBS (NASDAQ: VIAC)(NASDAQ: VIACA) announced that it's looking for new locations to film the next Mission: Impossible movie after canceling shoots in Italy, and more production and release shifts will likely follow. Image source: Getty Images. This year's box office will be down big Theaters will have to receive permission from the Chinese government in order to reopen, and widespread closures could become the norm in other affected countries. The World Health Organization has advised people to avoid unnecessary large-scale public gatherings, and coronavirus-related concerns will likely make people less eager to head to the movies even if governments don't force or encourage theaters to close. With the spread of the coronavirus apparently accelerating in Europe and the U.S., signs that it's still having a big impact in China, and a weaker overall movie release slate compared to 2019, it's reasonable to expect the global box office will see a steep drop off this year. Companies that depend on theme parks for a significant portion of their revenues, including Disney and Comcast (NASDAQ: CMCSA), will be feeling the squeeze on multiple fronts. 10 stocks we like better than Walt DisneyWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Walt Disney wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Keith Noonan owns shares of Walt Disney. The Motley Fool owns shares of and recommends Walt Disney. The Motley Fool recommends Comcast and recommends the following options: long January 2021 $60 calls on Walt Disney and short April 2020 $135 calls on Walt Disney. The Motley Fool has a disclosure policy.Source