03-19-2020, 02:34 AM
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Theaters Seek Government Assistance for ‘Unprecedented’ Crisis
Quote:
The movie theater industry is asking for Congress and the Trump Administration to urgently consider fiscal relief as it grapples with a global shut down of business operations due to the coronavirus.
In a March 18 statement from the National Association of Theater Owners, the trade group said the immediate fiscal aid would allow exhibitors and its 150,000 employees to weather the present COVID-19 pandemic crisis.
Exhibitors, which include AMC Theatres and Regal Cinemas, are looking for loan guarantees to ease liquidity issues imposed by fixed costs in the face of non-existent revenue.
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https://www.mediaplaynews.com/theate...dented-crisis/
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