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China’s Guangdong Province Earmarks $7 Million for Cinemas Hit by Coronavirus

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variety.com
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Guangdong province, China’s top movie-going region, announced Monday that it will allocate nearly $7 million in funding to support more than 1,000 cinemas there slammed by forced closures due to coronavirus.

Though other local Chinese governments have acknowledged the need to step in and help the country’s suffering film industry, Guangdong is the first to issue a compensation plan with specific dollar amounts to support the battered exhibition sector.

Guangdong cinemas have been shut since Jan. 24. Last year, the region was China’s top-grossing province for the 18th consecutive year, making $1.28 billion (RMB8.95 billion) in box office receipts, or about 14% of China’s national box office revenue in 2019, according to data from the

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