Hollywood Seeks Government Help Amid Coronavirus Shutdowns, but Industry Bailout Unlikely

  • 📰 Variety
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

The members of Congress who represent the entertainment industry are trying to make sure the next coronavirus relief package includes aid to freelance workers. But while there is sympathy for the t…

But while there is sympathy for the theater business — which has almost entirely shut down — there appears to be little appetite for an industry-specific bailout package.

, “and only look at large industry players, like aircraft manufacturers or airlines, through the prism of what is most beneficial to employees.” In a little less than a week, productions have ground to a halt, movie theaters have closed and Broadway has shuttered. In the process, tens of thousands of jobs have been lost, many of which were held by freelancers with little protection and no means of making any income. But that’s also true of many other sectors of thethat have been upended by the fast-spreading disease. The restaurant, tourism, hospitality and retail industries are also facing mass layoffs and a veritable shutdown.

The exhibition industry has been among the most vocal in seeking government assistance. This week it called on President Trump and Congress to include their business in any upcoming stimulus package and asked for help with tax benefits and loan guarantees as they struggle to remain solvent. Theater owners are also looking for assistance with paying workers who have been furloughed.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

PamplinFilmCo The HOLLYWOOD that has more money than God wants help?! Oh, this is fun to watch.

Fuck that!

Actor seeks Hollywood help amid flourishing industry, but Hollywood help unlikely lol. actorslife

Keep throwing him fundraisers Hollywood heads 🤦🏻‍♂️🤦🏻‍♂️🤦🏻‍♂️ you get nothing 🤷🏻‍♂️ VoteBlue

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 108. in BUSİNESS

Business Business Latest News, Business Business Headlines