Theaters have significant exposure, Netflix and ViacomCBS have high leverage ratios, and Disney could take a major hit.
Fithian, the head lobbyist for the exhibition sector, has been sounding the alarm since theaters were forced to turn off the marquee lights this month. He’s been pressing the federal government for loan guarantees to help theaters shoulder their overhead while they have to stay closed.
PGA members that are in need of emergency financial assistance can now apply for aid, which will be administered by The Actors Fund, at the organization's website.
The digital services also decided to lower the bitrates to 480p, which will put less stress on telecom networks as India goes under 21-day lockdown and people are confined to their homes. This has caused an unprecedented surge in mobile internet consumption.
COAI has said the additional spectrum should be allocated to all telecom players equally or to no one at all.
Losses for the first two months are already over Rs 3,000 crore, the association said.
The media giant also retracted its full-year 2020 performance outlook.
The pandemic has affected the shooting of many films and affecting a lot of workers.
"It is proving to be of even greater importance considering the circumstances," says MTI Film CEO Larry Chernoff.
Noah Media Group, a specialist in feature-length sports documentaries, has acquired international sales rights to feature documentary “The Australian Dream,” about the Australian Football League star Adam Goodes. The deal excludes rights to Australia, Canada, the U.K. and airlines.