British Chancellor Rishi Sunak and Digital, Culture, Media and Sport Minister Oliver Dowden have announced a new $500 million ($650 million) fund to help national film and television productions suffering from coronavirus insurance.
The announcement comes less than 30 days after the chancellor declared a 1.5 billion pound ($1.9 billion) pot to help save the UK arts industry from ruin due to the fact that it was affected by the pandemic and the upcoming closure.
The interruption of productions prevented many film and television freelancers from returning to work. Many of the systems put in place through the government at the start of the closure to save jobs and companies were not available to many freelancers because of the way their finances were being put into position.
John McVay, executive director of the Film and Television Producers’ Alliance (PACT), lobbied the government through the Insurance Industry Working Group, BFI’s Screen Industry Task Group, to find a solution to the many productions left in limbo because they cannot obtain insurance that adequately covers the coronavirus.
Commenting on the recent announcement, John McVay said: “This very welcome news shows that the UK government has listened to one of our key industries and has taken unprecedented steps toward our successful film and television production and transmission industry. – Make TV shows and videos enjoy British audiences and many millions of other people around the world.
“This will not only help several hundred small businesses across the UK, but also the thousands of freelancers who have been laid off to return to work with those who, unfortunately, have been unable to benefit from government interventions.”
The news of the government’s program comes amid development considerations in the productive sector. The insurance dilemma ended a series of productions that did not have the support of primary schools. Studies whose monetary effects are to ensure risk.
Martin Haines, managing director of Kudos, the leading uk production company, which participated in the negotiations, said: “This is a decisive and timely intervention that turns on lighting fixtures and adjusts the game for the resumption of the film and television industries and the thousands of people who paint there.”
I am the founder and CEO of Wilson Worldwide Productions (WWP). Our paintings have been noted in more than 153 countries around the world and through more than 70 million people on platforms.
I am the founder and CEO of Wilson Worldwide Productions (WWP). Our paintings have been noticed in more than 153 countries around the world and through more than 70 million people on platforms such as: BBC, Sky, ESPN and Ximalaya. As a journalist, I enjoy following film, television and entertainment from many other angles, because our industry is very varied in news. So far, my paintings have made the impression on KFTV and The Knowledge. Follow me on Twitter @whoisjoshwilson.