Coronavirus: How $2 trillion stimulus bill could help movie theaters - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Movie-theater owners are optimistic that the $2 trillion stimulus bill will help their industry as it feels the impact of the coronavirus

The Senate passed a $2 trillion stimulus bill on Wednesday to aid struggling businesses and boost the economy during the coronavirus pandemic. It awaits passage by the House and President Trump's signature.

The National Association of Theater Owners is confident the bill will aid movie theaters, which have closed across the US, leaving thousands of theater employees out of work. Included in the bill are provisions such as expanded unemployment benefits and a $454 billion loan guarantee.The Senate passed a $2 trillion stimulus bill late Wednesday night to help boost the economy as the coronavirus pandemic forces businesses to close and furlough employees across the US. It awaits passage by the House and President Trump's signature.

Even movie theaters, which have never faced a nationwide shutdown — even during World War II or after the 9/11 terror attacks — have closed throughout the country. Thousands of theater employees are out of work.

Hollywood, too, is feeling the effects of the coronavirus. With theaters closed, the box office has halted and productions have temporarily shut down. Studios

 

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

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here’s Why Stocks Just Had Their Best Day Since 1933The market surged 11% as Congress neared a deal on the $2 trillion coronavirus stimulus bill. skleb1234 Chinaconspiracy ChinaLiedAndPeopleDied ChinaLiesPeopleDie coronavirus Spain Italy USA China wants to rule..by hook or by crook...they really don't care Chinaconspiracy skleb1234 Because as usual Trump is giving away stuff or money that isn't his? How else do you explain bankrupting effin CASINOS for Christ's sake and the investors? BANKRUPTED and no money back!!! skleb1234 👍
Source: Forbes - 🏆 394. / 53 Read more »

What the $2 trillion stimulus bill means for the healthcare industry - Business InsiderThe CARES Act has numerous provisions to rescue the healthcare system, which has become flooded by the demands of treating the novel coronavirus.
Source: BusinessInsider - 🏆 729. / 51 Read more »