The federal government’s recently-passed $2 trillion economic stimulus includes a $454 billion loan guarantee fund for businesses struggling from the economic blowback of the coronavirus, including movie theaters, which are facing a challenge like never before in the history of Hollywood. But it’s still unclear to me exactly what the timing will be on how the distribution of those funds will play out, and which theaters might be left standing when this pandemic eventually ends.
Today, the Criterion Collection and Janus Films have teamed up to start an arthouse relief fund for independent cinemas in the hopes that more than 150 theaters across the country will be able to pay their essential bills, including “payroll, insurance, rent, non deferrable loans, utilities, fundraising, and mortgages,” until we get through this period. Get the details below. Read More »
Nearly two weeks ago, the National Association of Theatre Owners, which represents more than 33,000 movie theaters in the United States, announced that they were pledging $1 million to theater employees affected by the coronavirus (COVID-19). The organization promised that details about the fund would be released shortly, and now it seems they have a two-tiered plan to disburse it to those in need. Read More »
The theatrical exhibition business is suffering greatly in the wake of unprecedented movie theater closures around the country due to the coronavirus, and many theater workers have been furloughed as companies try to stay afloat during this economic crisis. But Alamo Drafthouse is trying to step up and help out: they’ve announced an emergency relief fund for its furloughed corporate-owned venue and headquarters staff, seeding it with $2 million and accepting donations to help keep their employees covered. Get the details below.
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Yesterday, NATO (the National Association of Theatre Owners) released a statement which tried to push back against speculation that Hollywood studios would fully forsake the movie theater experience because of the coronavirus and release all of their major blockbusters directly to streaming platforms. Now NATO has released another statement, this time pledging $1 million to movie theater employees who have been affected by the unprecedented closures and urging Congress for a movie theater bailout. Get the details below. Read More »
Yesterday, NBCUniversal made the potentially game-changing announcement that it would be releasing some of its theatrical movies on demand starting this week, shattering the theatrical exhibition window that has been in place for decades. Other studios soon followed, and speculation ran rampant about whether this decision marks the end of movie theaters.
Well, the National Association of Theatre Owners saw yesterday’s coverage and wants everyone to pump their brakes a little. The organization, which is comprised of theatre owners from not just the United States but 98 other countries, released a statement acknowledging the affects of the coronavirus on their industry. But they also cautioned people against jumping to conclusions, pointing out that releasing every movie straight to streaming is not a viable financial option for the studios.
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Arnold Schwarzenegger is doing his part to spread the word about staying home to prevent the spread of the coronavirus. And, ever the entertainer, he’s doing so in a totally unique way: in a dining room, joined by a pony and a donkey. Check it out below. Read More »
After years of discussions about the possibility of shrinking the theatrical window, NBCUniversal is going to obliterate it altogether. According to a new report, the company is going to release at least some of Universal Pictures’ theatrical offerings on demand at the same time that they hit theaters. When a book is written about this period in history, this may be a crucial turning point in the way the entire industry operates.
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Update: Regal Cinemas is following in AMC’s footsteps, announcing that they have “reduced auditorium capacity by 50% and are complying, where applicable, with state mandates on social gathering limits.” Our original article continues.
In lieu of shutting down completely, AMC Theatres, the country’s largest theater chain, has announced a new policy to help prevent the spread of the coronavirus (aka COVID-19). Starting tomorrow, March 14, 2020, the chain will be implementing social distancing measures which involve cutting auditorium capacities by at least half.
Meanwhile, the American Cinematheque in Los Angeles has suspended screenings at Hollywood’s Egyptian Theatre and Santa Monica’s Aero Theatre. Get the details below. Read More »
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Big Time Adolescence, the Pete Davidson movie which earned a positive reception at last year’s Sundance Film Festival, hits theaters today and was initially supposed to begin streaming on Hulu on March 20. But in a surprise move, the film is currently available to watch on that streaming service right now. It dropped a week early, presumably due to the coronavirus – but don’t expect big studio movies like Mulan or Black Widow to head straight to streaming in response to the pandemic. Read More »
As the coronavirus continues to claim lives and infect people in multiple countries across the world, the virus is also having an impact on the entertainment industry.
A new report says that Hasbro’s supply chain has been interrupted because of the coronavirus, leading at least one expert to predict that Baby Yoda toy deliveries to the United States might be delayed. But there have been more concrete repercussions than that. While Disney’s live-action remake of Mulan will still arrive in U.S. theaters on schedule, the studio has now officially delayed its release in select international markets. And this likely won’t be the last we hear about the coronavirus impacting Hollywood. Read More »