Owner’s Self-Help: U.S. Cinema Industry Pushes Crown Virus Relief Act

Hollywood has shut down its domestic hospital son, as the outbreak of new crown pneumonia intensifies. While the move could partly stem the spread of the epidemic, it was a fatal blow to the film industry. John Fithian, president of the National Association of Theater Owners, is planning to push for a bill called the Coronary Virus Relief Act,media reported.

Owner's Self-Help: U.S. Cinema Industry Pushes Crown Virus Relief Act

In an interview, John Fishian explained the current emergency situation in Hollywood. “Overnight, we went from an industry with $15 billion in annual revenues , $11 billion of which was box office revenue and $4 billion in subsidized revenue — to a non-worth of industries,” he said. This will last at least three to four months. He said he was lobbying the government to pass a Coronary Virus Relief Act. It’s a trillion-dollar relief bill designed to get the house and its practitioners through.

“Most cinemas, not all of them, but the vast majority of the hospital lines, ” says John Fishian. ” If the bill is passed and implemented, it will help countless people, in addition to the film industry, hotels, restaurants, bowling alleys and retail outlets. We want the government to help people directly so that they can pay their own rent and buy groceries. Of course, we need help, so that when the outbreak is over, we have work to offer them. “

What John Fishian said is true. Hollywood has now “completely retreated”, with almost all films canceled and unreleased films postponed. Disney, for example, was one of Marvel’s most important films, but it was delayed because of the outbreak, between Captain America 3 and Avengers 3: Infinity War. In addition, in the last week, Disney’s divestment films have included “Flower Magnolia,” “The New Mutant” and “Antlers,” while also suspending high-profile films such as “The Little Mermaid,” “Rocky” and “Wanda Vision.” Not only that, but Disney has closed all of its theme parks. Some estimate that Hollywood has lost at least $7 billion at the global box office because of the outbreak, which could be as high as $20 billion if the next two months are taken into account.

It’s worth noting that John Fishian suggested that producers postpone the film instead of putting it on the streaming platform, either directly or by skipping the window. “We also need producers to help us through this, and we need their films to be released in cinemas later this year,” he said. When we get back, we need movies on the screen to play. “