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Film industry loses P12B in 2020 – FCDP

Republika

The local film industry is estimated to have lost up to P12 billion in box office revenues as thousands of movie houses throughout the country remain closed due to Covid19 concerns.


“The main source of income of movie producers is from the cinemas, so for as long as they stay closed things will be bleak,” according to Liza Dino-Seguerra, chairperson of the Film Development Council of the Philippines (FDCP).


She claimed that some 80 percent of what producers earn comes from the cinemas.


Ms. Seguerra said that close to .5 million workers in local Tinseltown have been adversely affected by the strictures imposed on cinema houses by the government’s anti-Covid task force.


The reopening of cinemas has been placed on the backburner by local governments all throughout due to the unabated rise in the number of infections.


She said that the reopening of cinemas is probably last in the list of priorities of the IATF as well as Metro Manila mayors, sadly enough.

Photo: FB/Liza Diño


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