Wednesday, April 15, 2020

"Can Hollywood Survive Coronavirus?" (CNBC)


“Can Hollywood Survive Coronavirus?” from CNBC.


Many points are made here.  Theater tickets bring more revenues to studios than online rentals. And one chain, AMC, is apparently filing for bankruptcy.
 
Many big releases have stopped production and may be halted for an entire year. 
Many workers in the film business work in the gig economy and don’t have health insurance.

Many indie films have lower compensation for actors (SAG-indie). 
  
On the other hand, really independent videos and films might get made, and that’s been a flashpoint on YouTube, with the whole deplatforming issue in the past years.

Picture: theater in Greenwich Village, Jan. 2019 

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