Jake Kanter International TV EditorThe UK government has listened to months of industry lobbying and launched an emergency £500M ($646M) film and TV coronavirus production insurance fund, which will effectively underwrite the cost of shoots closing in the event of a second lockdown.The insurance solution is a significant boost to producers who have been looking for a way to return to production without exposing themselves to potentially catastrophic financial risk.
It’s also good news for countless out-of-work freelancers, with Pact CEO John McVay reckoning it could open the floodgates to a backlog of shoots worth an estimated £1BN ($1.3BN).
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