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Shanghai to Pay Subsidy to Shuttered Cinemas
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variety.comPatrick Frater Asia Bureau ChiefCity authorities in Shanghai are to be paid a subsidy that partially helps them offset their financial losses caused by the coronavirus outbreak.The move was announced on Wednesday and confirmed by the Shanghai Municipal Film Administration, which identified the beneficiaries.
In all $2.6 million (RMB18 million) will be paid to 345 cinemas, state news agency Xinhua said.Payments will be made according to a scale that considers the number of screens at a complex and their 2019 box office.Movie theaters throughout China have been closed for more than five months, due to the virus outbreak.
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