Why Hollywood Shouldn’t Count on Much Relief From $2 Trillion Federal Bailout

“The entertainment industry obviously has been hard hit by the current environment. But so too have a number of other industries,” a bankruptcy lawyer tells TheWrap

The Trump White House and Congress struck a deal early Wednesday for an unprecedented $2 trillion economic rescue package in response to the ongoing coronavirus pandemic — but Hollywood shouldn’t expect to be high up on the list to receive an industry-wide bailout, public policy experts told TheWrap.

“The entertainment industry obviously has been hard hit by the current environment. But so too have a number of other industries,” said Brian L. Davidoff, a lead bankruptcy, reorganization and capital recovery lawyer at Greenberg Glusker. “If Congress is going to parcel out money to particular industries, I think, under those circumstances, it’s possible, but it just doesn’t seem to me that Hollywood has a special place over and above other industries like the leisure industry, like the restaurant industry.”

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J. Clara Chan

J. Clara Chan

Media and politics reporter • jclara.chan@thewrap.com • Twitter: @jclarachan