Pandemic Wipes $3.5B Off Film & TV’s Contribution To UK Economy – Deadline

As coronavirus continues to wreak havoc on manufacturing within the UK, with shutdowns on reveals together with Bridgerton, a brand new report has solid mild on the size of the injury brought on by the pandemic.

Not-for-profit Artistic UK Group teamed with analysis agency Oxford Economics to evaluate the display sector’s contribution to the British economic system. They concluded that movie and TV’s £21.6 billion ($29.4B) gross worth added in 2019 fell by £2.6B ($3.5B), or 12%, final yr amid the coronavirus disaster.

Moreover, Artistic UK Group’s report stated 5% of the 239,000 folks employed by the movie and TV trade misplaced their jobs in 2020. That equates to 12,800 jobs being worn out.

Artistic UK Group stated it might have been worse with out authorities interventions such because the Manufacturing Restart Scheme, which supplied an insurance coverage security internet for productions and guarded 44,000 jobs.

Artistic UK Group stated Britain’s artistic industries mixed misplaced £12B in gross worth added, whereas one in 20 folks misplaced their job through the pandemic.

Caroline Norbury, CEO of Artistic UK Group, stated: “Many artistic companies have confronted crippling hardships through the previous yr, and we’re nonetheless seeing too many proficient people go away the sector as job losses proceed. The pandemic has exacerbated current inequalities and we have to be certain that we construct again in a approach that drives inclusive development, that creates alternative and that permits folks all over the place to thrive.”