EXCLUSIVE: The Motion Picture Association posted a $4.2 million deficit in 2020, as the trade association adjusted to its traditional six-member roster, according to the latest tax filing with the Internal Revenue Service.The loss is a contrast to 2019, when the trade association reported a $4.4 million surplus.
Netflix was in its first full year as a member, but Fox Corp., which shed its film studio assets to Disney in 2018, still had an obligation to continue paying dues into the next year after it gave notice, according to a spokesperson.Membership dues for 2020 were $51.4 million, compared to $62 million a year earlier, when there were essentially seven paying members.
Read more on deadline.com
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