What Can Hollywood Expect From the $2 Trillion Stimulus

With the trade struggling throughout the board, folks can use no matter assist they will get

With the Senate passing an enormous $2 trillion stimulus package deal designed to counter the devastating influence of the coronavirus pandemic, many in Hollywood are questioning the way it will assist these within the leisure trade who’ve not too long ago misplaced their jobs.

In a sneak peek of our upcoming podcast “The Wrap-Up,” TheWrap’s editor-in-chief, Sharon Waxman, spoke with reporter Clara Chan and Cornell Law professor Robert Hockett about what Hollywood can count on to obtain from this bailout, if something.

“I don’t think it’s prioritized as an industry,” Hockett stated of Hollywood. “But in so far as they have sub-industries that themselves employ substantial numbers of workers and in so far as bailout money might help them to continue making payroll. That, in turn, might spare the public having to continue to send UBI (universal basic income) type checks to employees. Then there might actually be a fairly compelling basis for at least some bailout money.”

Watch the video above to see the complete dialog and keep tuned for extra details about the launch of “The Wrap-Up.”