Closed Regal cinema, NYC. Photo by Ronny Coste on Unsplash (1)

Hollywood stars press for government bailout of US cinema industry

Clint Eastwood, Martin Scorsese urge theater bailout, with two-thirds of industry at risk of permanent closure

The coronavirus pandemic has dealt a body blow to the movie theater business, and now the industry is asking for a federal bailout, asserting that over two-thirds of small and midsized movie theater companies will be forced into bankruptcy or close permanently in the near future.

The request for assistance came in the form of an open letter to Congress, signed by a score of established Hollywood directors, producers and writers, along with such organizations as the National Association of Theater Owners, the Directors Guild of America and the Motion Picture Association. Among the signers are Hollywood directors including Wes Anderson, James Cameron, Clint Eastwood, Ron Howard and Martin Scorsese…

… visit BisNow to read full story

Related posts