Leadership / 12.28.20
Trump Signs $900 Billion COVID Relief Bill
The Hollywood Reporter (12/27/20) Weprin, Alex
President Donald Trump signed a $900 billion pandemic relief package to deliver aid to businesses and individuals, and $15 billion is dedicated to support live event venues, independent movie theaters and cultural institutions. Based on the Save Our Stages Act, this section of the bill will provide financial support to live theaters and movie theaters, although larger movie theater companies will have to look elsewhere for financial support as the pandemic continues to impact their businesses. “I think the pandemic has hit certain industries harder than most others, and the theater and live-performance venues were I think the first to close," Rep. Adam Schiff (D-Calif.) says. "They'll be sadly the last to reopen, and so I think they have been more devastated than just about any other industry, so there was a strong desire to make sure that they had sufficient help to get through the pandemic and a realization that many of these institutions would close and close permanently if they weren't able to get the help." The bill also expands the eligibility of the Paycheck Protection Program to include local TV and radio broadcasters, along with newspapers.
Read the full story from The Hollywood Reporter.
Tags: News , Leadership , COVID-19 , Coronavirus