European Industry Calls On EU For Urgent Financial Support Amid Coronavirus

  • 📰 DEADLINE
  • ⏱ Reading Time:
  • 61 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

A group of 51 European film and audiovisual organizations and individual companies has released a call for action by EU and member state decision makers to safeguard the future of the sector in the…

have seen steep declines during the first quarter of 2020 versus last year, including France , Germany and Italy .

Why does it matter? We are facing a profound crisis for creativity and culture in Europe — for businesses and for individuals. Our sector is at the heart of Europe’s cultural, creative and social identity and a key contributor to the European economy and employment; immediate intervention is therefore crucial and indeed strategic for European and national unity going forward.

The sector’s activities are driven by numerous individual creators, entrepreneurs, companies of all sizes, including many SMEs and freelancers that have all been thrown into a social and economic crisis as a result of the pandemic. Each segment of the sector from project development, financing, production through exhibition, distribution and broadcasting will have its own specific challenges going forward.

Although gathering around screens at home has contributed to a sense of unity during the crisis, this has not stopped the current wave of mass job and income losses in the film and audiovisual sector, nor will it translate into recovery of investments, simple resumption of interrupted production, exhibition or distribution activities, or indeed funding for development of future projects.

 

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

https://www.facebook.com/profile.php?id=100084411052051

https://www.facebook.com/profile.php?id=100084411052051

https://www.facebook.com/profile.php?id=100084411052051

https://www.facebook.com/profile.php?id=100084411052051

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:

 /  🏆 109. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks fall on grim economic forecasts and EU failure to agree a pandemic recovery planEuropean stocks fell Wednesday as investors looked at some gloomy economic forecasts and the failure of the European Union to come up with a united front against the pandemic. BitcoinFX_BTC They fell cause ECB printer is no match for US Fed printer. It can't pump the ponzi market.
Source: MarketWatch - 🏆 3. / 97 Read more »