This May 13, 2019 file photo shows a view of the Palais des festivals during the 72nd international film festival, Cannes, southern France. Organizers of the French Riviera festival, scheduled to take place May 12-23, said they are considering moving the festival to the end of June or the beginning of July. (PHOTO / INVISION / AP)

PARIS - The Cannes Film Festival, the world’s largest, was forced to postpone its latest edition in May due to the spread of the coronavirus, organisers of the annual event on the French Riviera said on Thursday.

The postponement follows weeks of speculation over whether the festival, which draws thousands of filmmakers, celebrities and executives to the city, would be able to go ahead between May 12-23.

At this time of global health crisis, our thoughts go to the victims of the COVID-19 and we express our solidarity with all of those who are fighting the disease

Cannes organisers said in a statement 

“At this time of global health crisis, our thoughts go to the victims of the COVID-19 and we express our solidarity with all of those who are fighting the disease,”  the statement said.

France is in its third day of a lockdown aimed at containing the spread of the coronavirus. Almost 11,000 cases have now been officially diagnosed and 372 people have died.

READ MORE: Cannes HK warm up to world cinema?

The organisers, who had announced US director Spike Lee as president of this year’s jury, said that several new dates were under consideration, including the end of June-beginning of July.

It is not the first time the festival has been postponed. Its inaugural event in 1939 was cut short after the opening screening of the Hunchback of Notre Dame because of Germany’s invasion of Poland the next day. The prizes were eventually awarded in 2002.

It was also interrupted in May 1968 amid student and labour protests sweeping across France.

The announcement is another blow to the film industry. Beyond the star-studded glitzy screenings, production and distribution firms head to the Cote d’Azur to complete deals, while executives from across the world gather to represent their nations’ film industries.

According to the US entertainment industry union IATSE (International Alliance of Theatrical Stage Employees) about 120,000 people have already lost their jobs in Hollywood as a consequence of the outbreak.

ALSO READ: Jenner, Banderas turn out for glitzy amfAR gala near Cannes

The Cannes festival is the latest event in the entertainment industry to be postponed or canceled. New York’s Tribeca Film Festival was put back earlier this month as was the release of big budget movies including “Mulan” and the latest James Bond movie No Time to Die.

Music festivals Glastonbury and Coachella have been cancelled and theatres in London and on Broadway have been closed.

“As soon as the development of the French and international health situation will allow us to assess the real possibility, we will make our decision known,” the Cannes organisers said.