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Shanghai Cinemas to Receive $2.5M in Government Subsidies

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hollywoodreporter.com

Cinemas in China's commercial capital of Shanghai are set to receive $2.5 million (18 million yuan) in government stimulus funds.

The modest lifeline comes amid persistent reports that thousands of movie theaters in China are in danger of permanent closure.

The Shanghai Municipal Film Administration on Wednesday released a list of 345 cinemas that will receive a share of the subsidies.

The amount of funds received will depend on each company's 2019 box office sales total and the number of screens in operation.

Read more on hollywoodreporter.com
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