The coronavirus has brought the movie theater business to the edge of ruin. Exhibitors have shuttered cinemas across the country, leaving them without any way to pay the bills. Thanks to the federa…
has brought the movie theater business to the edge of ruin. Exhibitors have shuttered cinemas across the country, leaving them without any way to pay the bills.
We’re at the halftime. Many elements of the [stimulus] have been vitally important, but other components, such as loan guarantee provisions, haven’t been fully implemented. What has worked is that the government has been able to provide support to our thousands of unemployed workers through Paycheck Protection loans. There have been some problems with the way that this support was implemented, and we’re lobbying Congress right now so that the next piece of legislation will improve on that.
John Fithian sees cinemas returning with repertory films in order to develop safety measures that ready them for bigger business.If the recovery is regional and not national, with hot spots like New York City slow to reopen, will that mean that studios will be hesitant to open new releases in theaters?
We leave it up to each individual company to make a decision for themselves about when they want to open. Some smaller operators may decide it makes sense to open and play whatever product they can get their handson, but most companies that have multiple locations won’t do that until they can play new releases. That’s not going to happen if you can only show movies in one or two states.I have not talked to one exhibitor who is going to open up this week.
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