The National Association of Theater Owners is asking the federal government relief measures for its 150,000 movie theater workers.The executive board of NATO has already authorized $1 million to be drawn from its own reserve in order to aid movie theater employees who are out of work because of the closures.
"The business model of the movie theater industry is uniquely vulnerable in the present crisis," NATO wrote in a statement Wednesday.The trade group represents more than 33,000 screens in 50 states and has asked the federal government for loan guarantees to help the industry through a time when moviegoers are not able to travel to theaters. The association has also asked for tax benefits to assist theater owners who are still paying their employees and to make up for their losses.
The executive board of NATO has already authorized $1 million to be drawn from its own reserve in order to aid movie theater employees who are out of work because of the closures.
JBoorstin Let Hollywood bail them out.
JBoorstin Everybody want a bailout!
JBoorstin Not needed
JBoorstin If they can’t make money with $20 popcorn and $12 sodas, maybe the should go out of business. They don’t even pay their workers well.
Let them bankrupt
Just release them straight to on demand! We are all in our houses looking for stuff to do. $19.99/film and make it happen! Adapt or die. Just think of all the overhead you won’t need anymore. 🤙🏻
There are better ways to watch movies now, let them die! No public value.
Let them sell stock for their money. That's what businesses do.
Let the rich Hollywood celebrities bail them out!
If owned a movie theater I would turn my parking lot into a drive in theater. Broadcast the sound over a FM frequency like my gym does. mcuban
Why can't they just close the theaters?
That value equates to what, 10 bags of their movie popcorn?
Not required, socialism. Small businesses low interest low. Airlines is required, commerce and international transportation. Can’t have airlines go bankrupt.
No.
Ohhhh Jesus... 🙄
No.
metoo
Nope this the one industry I hope fails with their overpriced tickets
How about Hollywood bailing them out instead.
What were all these thriving businesses doing when they were making and bragging about record profits
1mil? Is that all. Flick it to them, nothing compared to the billions they are printing daily.
Ask Disney for a loan.
ポップコーンみたいです。
$1 million for 150,000 workers? That doesn’t add up at all