Theater Owners Ask Congress For Financial Relief Amid Coronavirus Pandemic, NATO Authorizes $1M To Aid Theater Employees
The movie show business is urging Congress to think about quick reduction for its 150,000 workers as they climate the present COVID-19 pandemic.
They’re asking for the next reduction measures:
- Mortgage ensures that ease a liquidity squeeze imposed by fastened prices within the face of non-existent revenues
- Tax advantages to help employers with offering assist to workers
- Relieving the burden of prices which can be ongoing regardless of closures
- Tax measures that may enable theaters recoup losses when the business is again up and working.
The Govt Board of the Nationwide Affiliation of Theatre Homeowners (NATO) right this moment licensed $1 million {dollars} drawn from the Affiliation’s reserve to assist movie show workers who’re out of labor attributable to movie show closures because of the coronavirus. The cash can be used as seed funds for an effort to assist tide employees over on this disaster in cooperation with their business companions.
NATO mentioned in an announcement that as film theaters shut through the pandemic, they continue to be weak. They need Congress and the present Administration to assist and “make sure that America’s movie show business and its tens of 1000’s of workers throughout the nation can stay resilient.”
COPYRIGHT_BP: Published on https://bingepost.com/theater-owners-ask-congress-for-financial-relief-amid-coronavirus-pandemic-nato-authorizes-1m-to-aid-theater-employees/66158/ by Cecilia Jones on 2020-03-18T21:23:37.000Z
