Theaters are getting bailed out. We have been worried about theatrical venues all year, and now a stimulus bill has passed. Let's dig into what that means for movie theaters. John Fithian, president of the trade group the National Association of Theater Owners, said in a statement, “With multiple vaccines beginning to roll out, we see a bright light at the end of a very dark tunnel. There is a very real chance that our business can begin to return to normal in the spring.” That's great news, and this round of optimism and cash could save 70% of small theaters that were worried about bankruptcy. This will also save around 70,000 jobs. But what about the big chains? “NATO continues to seek help for larger movie theater companies not covered by this legislation, which provide tens of thousands of jobs, and operate more than half the movie screens in the country, through tax relief and state aid,” Fithian said. Read More...
Published By: NoFilmSchool - Tuesday, 22 December, 2020