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

Why Coronavirus won’t kill the cinema industry

Theaters have faced a rough year with the coronavirus pandemic, but the financial upsides they offer filmmakers should help secure their future. Since Netflix released its first film, “Beasts of No Nation,” five years ago, the rise of streaming services has transformed the distribution of feature films to audiences around the globe. In 2020, Covid-19 took a sledgehammer to the theatrical market, and chaos ensued. With Warner Bros. breaking a longstanding precedent, thanks to its recent decision to release its entire 2021 slate simultaneously in movie theaters and on HBO Max,…

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Helensburgh cinema and founder image Helensburgh Advertiser

Helensburgh’s Tower Digital Arts Centre commits to reopen its cinema

Helensburgh’s only cinema will not be going away any time soon, according to the founder of the charity which runs it. The pledge, from Brian Keating, comes amid growing concerns over the future of the big screen industry during the ongoing coronavirus pandemic. Cineworld – the world’s second largest cinema chain – this week announced the temporary closure of all of its 127 UK venues after reporting a £1.3bn loss for the first half of the year because of the Covid-19 crisis. Meanwhile a quarter of Odeon theatres will only…

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Hotel afternoon tea. Photo by Sebastian Coman Photography on Unsplash (1)

Lower taxes provide advantage to UK tourism

The UK is reportedly “doing more” to support its tourism industry than other European countries due to having lower taxes, according to a new study by UHY.  The firm found that the average tourist in the UK pays only 7.8% in tax on a “typical daily spend”, compared to the European average of 11.3%. UHY said the lower tax rate is due to an emergency cut in VAT on restaurant meals in the UK, adding that the government could keep that low tax rate in place and consider other emergency reductions in…

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