One of the many industries hit hard by the new lockdown procedures in the United States is the film business. Specifically, movie theatres have been drastically impacted, as thousands of screens have closed due to the COVID-19 crisis.
John Fithian, the CEO of the National Association of Theatre Owners in the US, has now spoken about the dire situation. He told Variety that the movie theatre business might collapse and go bankrupt if US Congress does not pass the trillion-dollar bailout bill that would provide relief to various industries, including theatres.
“The situation is that dire,” Fithian explained. “Overnight, we went from an industry that makes $15 billion a year–$11 billion in ticket sales and $4 billion in concessions–to one that is not going to make a penny for three or four months.”
Source: Gamespot Movie Theatre Owner Chief Pleads For Government Bailout — "The Situation Is Dire"