In this new age of social distancing, a relic of the past is making a comeback. Drive-in movie theaters have seen an influx of business amid the coronavirus. There are 305 drive-in theaters across the country and even with restrictions from local governments closing nonessential businesses, about 8% of drive-ins have been able to stay open.
John Vincent, President of the United Drive-in Theatre Owner Association talked to Cheddar about social distancing measures drive-ins are taking. “We are going to have to make sure we have space in between cars, at least initially, this summer” said Vincent, noting that social distancing policies could be eased later on.
While drive-ins have seen success recently, the need for new movies is an on-going effort. Major Hollywood productions have been halted due to the pandemic, but Vincent said, “Drive-in’s have historically been able to do well with retro movies,” name Grease, Jaws, and Goonies as a few popular titles.
Although the popularity of these drive-in theaters has grown since the pandemic, Vincent is confident the high demand will remain once social distancing orders subside.
The International Olympic Committee has signed the first beer brand in the 40-year history of a sponsorship program that earns billions of dollars for the organization and international sports.
The latest calculations from several science agencies showing Earth obliterated global heat records last year may seem scary. But scientists worry that what’s behind those numbers could be even worse.
Along with the $122 million from delinquent millionaires in October, nearly half a billion dollars in back taxes from rich tax cheats has been collected.
Greg Moran, CEO of Zoomcar, joined Cheddar to talk about the growth of the car-sharing platform, the company's recent debut on the NASDAQ, and its continued work in emerging markets.
Higher rents and food prices boosted overall U.S. inflation in December, a sign that the Federal Reserve's drive to slow inflation to its 2% target will likely remain a bumpy one.