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Japan Earthquake Impacts Hollywood Studios And Stocks

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JAPAN
Ships lay among destroyed houses in Kesennuma, Miyagi Prefecture on Wednesday, March 16, 2011, five days after the earthquake-triggered tsunami devastated northeastern Japan. | AP Photo

The impact of the Japan earthquake, tsunami and unfolding nuclear crisis on Hollywood could be felt for months as studios and foreign distributors re-evaluate release calendars and showbiz stocks take a fall.

And if the catastrophe worsens, the impact on box office could be even more devastating.

"Everybody is going to look at their lineup for the rest of the year," one studio distributor says. "Once you start moving films back, you are going to pinch other movies. Sequencing will become very tricky.

"It's an hour-by-hour, day-by-day situation," the exec adds. "If these nuclear reactors actually do have a big problem, it's a whole different ballgame."

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