Cinemas Subsidy Scheme under fifth round of AEF completes disbursement
The Cinemas Subsidy Scheme under the fifth round of the Anti-epidemic Fund was open for application from January 18. Operators of all the 64 eligible cinemas have applied, and the relevant subsidies were disbursed today (January 25).
The Scheme seeks to provide a one-off subsidy of $50,000 per screen to each existing cinema licensed as a place of public entertainment with commercial operation in December 2021. The maximum subsidy for a cinema circuit is $1.5 million.