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

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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

 

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