NATO Asking for Federal Relief
As the coronavirus outbreak forces theater chains to shutter in order to help stem the spread of the virus, the National Association of Theater Owners is asking Congress to provide relief measures for its 150,000 employees.
“The business model of the movie theater industry is uniquely vulnerable in the present crisis,” NATO wrote in a statement Wednesday.
It did not quantify how much aid it is seeking.
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. CLICK HERE FOR ENTIRE STORY
Source: CNBC
Category: Member News
