In Europe, Cinema Production Has Been Thrown Into Utter Crisis

Even before COVID-19 shut down production completely, three historic companies were in trouble – deep in debt to creditors, troubled by streaming, etc. Then seven feature films in Paris alone stopped dead, one leaving a street recreated in WWII-era styles. Some relief: “The National Cinema Center (CNC) plans to relieve the short-term cash flow of 1,200 arthouse cinemas and distributors. It also suspended payment of the ticket tax (TSA) in March and authorized the advance use of the support fund.” – Le Monde