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Movie theater chains will be exempted from paying the usual 3 percent cinema development fund fee on all ticket sales, and studios will be able to recoup some funds lost due to canceled shoots or delayed releases.
South Korea's government has unveiled a series of measures designed to boost the country's influential but coronavirus-battered film industry.
Central to the policy plan is a decision to exempt major cinema chains from paying into South Korea's movie development fund. Under local law, large movie theater chains usually are required to pay 3 percent of all ticket sales to the Korean Film Council's movie development fund, which is used to support the local industry's development in various ways. The fund typically generates about $45 million in contributions per year. The new exemption will apply retroactively from February.
The policy response was unveiled in Seoul by South Korea's Deputy Prime Minister and Finance Minister Hong Nam-ki. He said the government was originally envisioning allowing only delayed payments into the development fund, but decided an exemption was required after further countenancing the depth of the damage caused by the coronavirus.
After Bong Joon Ho's historic Oscar wins for Parasite in February, 2020 was expected to be a celebratory year of growing global relevance for the Korean film industry. But the coronavirus pandemic, which hit Korea hard in February, has put a damper on such hopes. The Korean Film Council reported Wednesday that box office in March totaled just $12.3 million 15.15 billion won, down from $103.0 million 126.56 billion won last year.
The government also unveiled several measures to support production and distribution companies. It will subsidize a portion of the marketing costs for 20 selected movies that were forced to postpone or cancel their release plans during the first quarter because of the coronavirus epidemic. The production companies behind 20 selected movies that were forced to halt shooting because of the crisis also will receive funds to help them resume production, according to the finance minister's announcement. At the level of the individual, the government said that 400 industry professionals who lost their jobs or haven't been able to find freelance gigs because of the crisis will be eligible for free vocational training.
The policy plans drew a decidedly mixed response from industry observers. Korean news agency Yonhap ran a story Thursday questioning whether the measures "are effective and realistic enough for theaters and filmmakers to get over the crisis."
Independent movie theaters and art house cinemas with less than 1 billion won $814,000 in annual sales already were exempted from the fund and don't seem to be getting any aid from the government's proposals. It also has been pointed out that most Korean production professionals who have been made idle by...
Voice actress Rachel Matthews said she decided to get tested after coming in contact with 'a confirmed case,' but doing so was difficult because tests are 'INSANELY hard to come by.'
Frozen 2 voice actress Rachel Matthews is the latest figure in Hollywood to test positive for the coronavirus.
The 26-year-old star — who voiced the character Honeymaren in Disney's animated feature — revealed the news via Instagram late Monday, saying that she has quarantined herself for the past week. "Unsure of what the next step is been getting mixed info so will keep you posted but obviously will remain in quarantine until told to do otherwise," she wrote.
Continued Matthews: "I'm feeling better, but I will be posting some info that I hope will be helpful to some."
The actress, who lives in the U.S., said that she decided to get tested after coming in contact with "a confirmed case." However, she mentioned that getting tested was difficult because tests are "INSANELY hard to come by."
"Our country is very behind, and we don't have much of a system in place," she said, adding that her symptoms included body chills, fatigue, headache, sore throat, dry cough, pain in her lungs, shortness of breath and loss of appetite.
She urged her followers to get tested if they are experiencing anything similar. "Treat yourself as if you're positive you most likely are," she wrote. "Rest, drink lots of liquids and SELF QUARANTINE."
Matthews' post comes just days after Disney+ released Frozen 2 three months early to "surprise families with some fun and joy during this challenging period."
Matthews joins stars Idris Elba, Olga Kurylenko, Game of Thrones star
Source: Hollywood Reporter
Annabella Sciorra’s Jan. 23 testimony about being raped by Harvey Weinstein and her subsequent acceptance of a role in a movie the then-Miramax chief was producing, was examined this morning once again by jurors in Weinstein’s sexual misconduct trial.
Although the jurors yesterday requested to hear a read-back of all of Sciorra’s testimony beginning with her cross-examination and going on to re-direct, today they signaled to New York Supreme Court Judge James Burke that they’d heard all they needed before the cross-exam was finished.
Shortly thereafter, the jurors requested a 10-minute break, apparently to go outside for some fresh and very frigid Manhattan air.
And so the fourth day of deliberations seemed, once again, to be focused significantly on the former Sopranos actress’ interactions with Weinstein, including her claims that the producer got her addicted to Valium during the filming of 1993’s Miramax movie The Night We Never Met, through the winter night of 1993-1994 when, she says, Weinstein gave her a lift to her Gramercy Park apartment after an industry event and later barged in and raped her.
Weinstein is charged with five criminal counts, including two of predatory sexual assault – one involving accuser Miriam Haley and actress Sciorra, the other count involving Sciorra and accuser Jessica Mann. Although the statute of limitations has expired on Sciorra’s claim of rape in 1993-1994, her testimony is permitted in conjunction with that of Haley and Mann to establish predatory behavior.
In addition to the predatory counts, which carry sentences up to life in prison, Weinstein is charged with one count of criminal sexual assault against Haley, and two counts of rape one in the first degree, one in the third, both involving Mann. Those crimes carry possible prison sentences of five to 25 years.
The testimony heard today covered Sciorra’s continued interactions with Weinstein, including her acceptance of a role in Miramax’s 1997 film Cop Land. The cross-examination transcription also included defense attorneys drawing out Sciorra’s admission that a previous assertion about inviting her father on a Cop Land press tour to avoid “being alone” with Weinstein was false: Her father actually accompanied her on a 1993 press tour for The Night We Never Met, prior to the alleged assault. The actress testified that she misremembered.Donna Rotunno, Weinstein defense attorney Shutterstock
The jury will continue Day 4 of deliberations this afternoon, ending an hour earlier than usual – a shortened day that resulted in some angry words from defense attorney Donna Rotunno prior to the jury’s entrance this morning. Rotunno took issue with attorney Gloria Allred telling TV...
Disney+ may benefit from further delays with the studio's theatrical releases as more movies may be going directly to the streaming service in the future. This, according to former Disney CEO and current Executive Chairman Bob Iger. It was recently revealed that Artemis Fowl will debut on Disney+ sometime this year, skipping a theatrical release. As Iger explains, that may not be the only title to make the move from theatrical to streaming, but don't expect to see it happen with the studio's upcoming tentpole releases.
Given what's going on in the world right now, most movie theaters are shut down entirely and virtually all major releases through June have been delayed. Some have wondered if Disney might put movies like Black Widow or Mulan on Disney+ instead. While that won't be happening, Bob Iger isn't ruling out other movies making the shift. Here's what Iger had to say about it in a recent interview.'There are some we've decided to put on Disney+. We already announced one, Artemis Fowl, that would have been released in theaters. Others we've simply delayed. In some cases we've moved things onto Disney+ faster than we would have. Frozen 2 was one of them, but Onward would be the biggest example. It was in theaters when this happened.' 'We moved to a pay-per-view period for a couple of weeks where people could buy it and own it. And then we ended up putting it on Disney+. In terms of movies going ahead after Artemis, there may be a few more that we end up putting directly onto Disney+, but for the most part a lot of the big tentpole Disney films, we'll simply wait for slots. In some cases we've announced new ones already, but later on in the calendar.'
There is a lot to unpack here. Black Widow and several other delayed movies were recently given new release dates as Disney reshuffled its 2020/2021 calendar. Black Widow and other big-budget tentpoles stand to make far more money in theaters, even with a relatively uncertain future ahead, than they could possibly generate via streaming. So putting movies like them directly on Disney+ doesn't make that much business sense.
In the meantime, taking riskier projects such as Artemis Fowl and giving Disney+ subscribers something flashy and exclusive is helpful. But what other movies might fit the bill for streaming debuts? The New Mutants perhaps? Whatever the case, as Bob Iger points out, the studio is content to wait until things return to normal. Disney, more than any other studio in Hollywood, is capable of raking in big dollars at the box office. So this truly isn't that surprising.
Other studios, on the other hand, may see value in doing a VOD/Digital release. Universal kicked that door wide open a couple of weeks back by putting recent releases such as The Invisible Man and The Hunt online. Trolls: World Tour, which was destined for theaters, will arrive digitally this month. Disney has not yet set a premiere date for Artemis Fowl, but it's...