The world's struggling movie industry threw listed film solutions company Vista Group for a loop, but the company is now banking on cinema attendance returning to normal next yearVista, which has about 300 staff in New Zealand and the equivalent overseas, makes almost all its revenue internationally. READ MORE:* Covid-19: Fears for cinemas as James Bond, other blockbuster movies postponed* Vista Group plans job cuts as global cinemas remain closedAnd ‘’whilst acknowledging that there is a way to go,’’ he remained confident about film’s future. In New Zealand, Movio received $414,746 in initial wage subsidies and a $210,515 subsidy extension for 59 and 43 people respectively. Vista Entertainment Solutions took a $2.45m wage subsidy for 349 people, $1.25m as an extension for 266 people, and a resurgence subsidy of $308,130 for 264 staff. Riley didn’t expect the company to pay back the subsidies because of the substantial hit to revenue in the first half.

Source: Stuff October 22, 2020 01:48 UTC