Canadian TV and film industry embracing strange new sensation: optimism

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 92%

Business News News

Business Business Latest News,Business Business Headlines

Thanks to the renewal of Ottawa’s insurance plan and the progress of Bill C-10, film and television producers are busy bottling 2021′s small burst of hope

– Canadian producers are busy bottling the small burst of pandemic-era hope that 2021 has so far delivered.

By paying premiums toward the STCF, producers are able to tap into the federal government’s “backstop” for claims, if necessary., this will save 35,000 jobs per quarter and keep alive an industry that generates up to $1-billion in economic activity. “We’re small and scrappy up here in Canada, so without the STCF, we just weren’t going to get the financing to compete with U.S. studios and streamers coming up here to shoot,” says producer Damon D’Oliveira, who is preparing alongside director Clement Virgo to shoot an adaptation of David Chariandy’s acclaimed novelStill, no matter the short-term success of the insurance program, the pandemic has delivered a wealth of unexpected curveballs to productions.

MarbleMedia's co-CEO says that health and safety measures to prevent the spread of COVID-19 add around 10 per cent to a production's budget.D’Oliveira estimates that additional health and safety measures can add about 10 per cent to a production’s budget – significant costs for low-budget, independent Canadian films and TV series. Which is to say: all of them.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This article shows the real reason for Bill C-10. CMPA reveals the truth. Not surprising Bill C-10 is not about promoting Canadian content. It's about eliminating streaming services people like, particularly from the U.S. This bill is trash being pushed by the Liberal Government

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines