January 26, 2021

COVID-19: ALBERTA WORKING ON FRAMEWORK FOR THE PROFESSIONAL FILM INDUSTRY

COVID-19: Alberta working on framework for the professional film industry (globalnews.ca)

Alberta’s chief medical officer of health Dr. Deena Hinshaw says the province is looking at creating a framework for the professional film industry and crews from out of province during the COVID-19 pandemic.

Continue Reading at globalnews.ca

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THEATER CHAIN AMC RAISES NEARLY $1BILLION IN FUNDING TO SURVIVE THE PANDEMIC WINTER AND SAYS BANKRUPTCY IS ‘COMPLETELY OFF THE TABLE’

Theater chain AMC raises nearly $1BILLION in funding to survive the pandemic winter and says bankruptcy is ‘completely off the table’ (dailymail.co.uk)

AMC Entertainment Holdings has raised an additional $917 million to help cushion the blow from the pandemic, and said that that any talk of an imminent bankruptcy is ‘completely off the table’.

The company’s shares, which have lost nearly half their value in the last 12 months as it was forced to shut theaters during the virus outbreak, jumped as much as 39 percent to $4.88 on Monday.

‘Today, the sun is shining on AMC,’ CEO Adam Aron said in a statement. ‘This [new financing] means that any talk of an imminent bankruptcy for AMC is completely off the table.’

By: Keith Griffith

Continue Reading at dailymail.co.uk

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HEALTH PROTOCOLS, STATE REBATE BRIGHTEN MIAMI FILMING PICTURE

Health protocols, state rebate brighten Miami filming picture (miamitodaynews.com)

Miami-Dade County’s film industry has been one of the hardest hit during the pandemic, which forced production crews to carry adopted safety protocols into the new year, making the county one of the safest destinations to film, local top film and entertainment executives say. 

As Covid-19 vaccinations start to take hold, the county’s filming industry is prepared to welcome back production crews from around the world and ensure the absolute best safety protocols and scenarios, said Bruce Orosz, CEO of ACT Productions and Greater Miami Convention & Visitors Bureau chairman.

“This destination has not changed, it’s probably even better. We have created these special circumstances of quarantined bubble-like productions with about 100 hotels throughout Miami-Dade,” Mr. Orosz said. “Production crews are now using safety monitors that can help facilitate production and maintain the right protocols on the set, that give the producers and the local community confidence that all will be managed properly.”

By: Abraham Galvan

Continue Reading at miamitodaynews.com

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COVID-19 KNOCKS 30 PERCENT OFF EUROPE’S FILM, TV, MUSIC REVENUE

COVID-19 Knocks 30 Percent Off Europe’s Film, TV, Music Revenue (hollywoodreporter.com)

Europe’s creative industries call for more government support to bounce back from the COVID-19 pandemic, which hit their revenue hard.

Representatives of Europe’s creative industries — from film and TV to theater, music, and video games — are calling for more government help to rebound from the economic damage wrought by COVID-19.

A study published Tuesday by European Authors Society GESAC showed overall revenue in Europe’s creative sector dropped 31 percent in 2020 from a high of $783 billion (€643 billion) in 2019, pre-pandemic, to $540 billion (€444 billion) last year.

COVID-19 safety measures, which have included lockdowns across most of Europe, hit the performing arts the hardest, resulting in a 90 percent drop in revenue, according to the study. The overall drop, close to €200 billion ($243 million), is above all but the worst estimates of the damage forecast at the beginning of the pandemic in Europe early last year.

By: Scott Roxborough

Continue Reading at hollywoodreporter.com

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FILM & TV PRODUCTIONS’ DEMAND FOR LOW PRICES, FAST TURNAROUND ON COVID TESTING LURES NEW ENTRANTS

Film & TV Productions’ Demand For Low Prices, Fast Turnaround On Covid Testing Lures New Entrants (deadline.com)

As Hollywood heads back into production, some are finding prohibitive costs for ensuring Covid-19 safety. New service companies are stepping up to fill the need for reasonably priced, fast testing of crew and casts.

Nearly a year into the pandemic, the field is increasingly crowded as productions of all sizes look to comply with protocols, keep sets safe and contain risk.

“We learned working with some of our other clients that there is a tremendous amount of misinformation and confusion in the testing marketplace. Lots of companies are selling tests, but aren’t sure what their constituencies need,” said Josh Brammer, co-founder and CEO of TNG Dx, a young firm that is starting an entertainment division, looking to expand beyond an established niche in senior and assisted living where it serves over 1,000 facilities.

By: Jill Goldsmith

Continue Reading at crossroadlending.com

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