By Dave McNary
26.03.2020 - 17:37 / variety.com
The $2 trillion stimulus may have saved the movie theater business from financial ruin. After being forced to close because of the coronavirus pandemic, cinemas across the country were struggling to find a way to keep paying their rent and other bills without being able to sell any tickets. It was a scenario that could have led to widespread bankruptcies.
“This legislation dramatically improves the capability of theater owners to stay solvent,” said John Fithian, CEO of the National Association
By Dave McNary
Health secretary Matt Hancock has described how it felt to have coronavirus as he returned to work after falling ill last week.
By Dominic Patten
The National Association of Theatre Owners of California/Nevada has established a $1.25 million relief fund to assist employees of member theaters who have been laid off due to the COVID-19 pandemic.
The singer also revealed what he's been up to during lockdown
The National Association of Theater Owners and the Pioneers Assistance Fund have created a $2.4 million emergency grant program for cinema employees impacted by the coronavirus pandemic. More than 150,000 workers have been furloughed or laid off since the vast majority of theaters across the U.S.
The National Association of Theatre Owners and the Pioneers Assistance Fund have created an initial $2.4 million fund to provide financial assistance to movie theater employees who need help due to the coronavirus pandemic.
Millions of Americans will be infected by the coronavirus and 100,000 to 200,000 will die, the U.S. government's top infectious-disease expert warned Sunday, as people in and around the country's outbreak epicenter of New York were urged to limit their travel to contain the scourge.
The National Association of Theatre Owners commended the U.S. Senate’s bipartisan agreement to provide economic relief to the exhibition business and other industries that have had to close their doors due to the COVID-19 pandemic.
Debi Mazar is opening up about her symptoms three days after announcing she tested positive for the coronavirus. The "Younger" star, 55, took to Instagram early Tuesday to thank her friends, followers and family for an "outpouring of love and support" as she combats the virus at home under quarantine.
The International Union of Cinemas (UNIC), the body that represents European movie theater owners, is calling on governments across the continent to do everything in their power to ensure that cinemas are able to overcome the challenges posed by the coronavirus pandemic.
LONDON – BMG parent company Bertelsmann says it is "well prepared to emerge safely" from the current coronavirus crisis with group revenues rising to €18 billion ($19.3 billion) in 2019.BMG contributed €600 million ($645 million) to that total, a 10% rise on the previous year when revenues totaled €545 million ($586 million at today's currency conversion rates).The record label and publisher's operating earnings before interest, taxes, depreciation and amortization (EBITDA) were up 12.7% to €138
By Jill Goldsmith
By Anthony D'Alessandro
On March 20, amid unprecedented circumstances resulting from the coronavirus pandemic, new Hollywood movies were suddenly available to buy or purchase on premium VOD. Historically, a major studio title isn’t widely available in the home entertainment space for around three months.
It could be lights out for the movie theater business if Congress doesn’t pass the trillion-dollar coronavirus rescue bill. That’s the stark message from John Fithian, president and CEO of the National Association of Theatre Owners (NATO).
A coalition of more than a dozen entertainment unions are joining efforts to press Congress to ask for an emergency relief bill that includes direct cash payments of more than $1,000 a month for workers, as well as the extension of unemployment benefits and a provision for paid sick leave, among other priorities.
Amid widespread closures of movie theaters in the U.S., theater owners are applauding the efforts to pass coronavirus relief legislation to aid vulnerable employees and ensure business continuity during the coronavirus pandemic.