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Indie Cinemas Across Europe Facing Financial Ruin Amid Coronavirus Crisis

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hollywoodreporter.com
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Independent cinema owners across Europe are struggling for their financial survival amid the coronavirus crisis. The global pandemic has hit Europe hard, with a majority of countries on partial or complete lockdown and cinemas in every major territory shuttered.

While few sectors of the film industry will be spared damage by COVID-19, independent exhibitors are the ones being hit first, and hardest, by the pandemic.

Unlike the major movie chains, indie exhibitors do not have large capital cushions to ride out the crisis. And unlike the diversified studios, which are still generating cash via online and other platforms, most movie theaters have no alternative revenue source. “We have no revenue, zero.

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