By Jake Kanter International TV Editor London’s Iconic Shakespeare’s Globe Theatre has said it is facing closure because the coronavirus pandemic has had a “devastating” impact on its finances.
In a stark submission to a UK parliamentary committee, the 23-year-old institution warned that if it is unable to open its doors before September, it will require £5M ($6M) in urgent funding to avoid collapse. “Without emergency funding and the continuation of the Coronavirus Job Retention Scheme, we will spend down our reserves and become insolvent,” Shakespeare’s Globe said in evidence to the Digital, Culture, Media and Sport Committee.
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