Hollywood covid-19 2020 economy

Top Filmmakers Warn Congress That Movie Theaters Face Extinction

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hollywoodreporter.com

Dozens of influential filmmakers on Wednesday joined the National Association of Theatre Owners, the Directors Guild of America and the Motion Picture Association in urging Congress to provide assistance to struggling theater owners impacted by the ongoing COVID-19 crisis.

Together, they warn that many cinemas may not otherwise survive. The vast majority of exhibition companies — or 93 percent — weathered losses of 75 percent in the second quarter of 2020 after moviegoing came to an unprecedented stop in mid-March.

While more than half of theaters are now reopened, Hollywood continues to delay its major fall releases out of concern that many moviegoers aren't yet ready to return.

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