February 3, 2021

Budget 2021: Entertainment industry disappointed as government provides no relief (yourstory.com)

For most parts of 2020, the outdoor entertainment industry — movie theatres, amusement parks, and cinema halls — had to shut down to curb the spread of COVID-19. While the digital entertainment industry and OTT thrived, traditional players had their most challenging year. 

Thus, it is no surprise that players in the entertainment industry had high expectations from the Budget. As earlier reported by YourStory, the industry expected tax relief, increased credit tops and faster rollout of 5G, and internet for all. 

By: Debolina Biswas

Continue Reading at yourstory.com

Great Point Investments to float £200m film and TV financing trust (investmentweek.co.uk)

Great Point Entertainment Income Trust (GPEIT) will create a portfolio of senior loans used to finance content makers and commissioners in the global television and film production industry, secured against…

By: David Brenchley

Continue Reading at investmentweek.co.uk

Georgia film industry bouncing back nicely from COVID-19 hiatus (northwestgeorgianews.com)

ATLANTA — Georgia’s film industry has recovered from the coronavirus pandemic and then some.

Film and TV producers currently are working on 37 projects in the Peach State, up from 23 at this time last year, Lee Thomas, the state Department of Economic Development’s deputy commissioner for film, music and digital entertainment, told members of a Georgia House committee Monday, Feb. 1.

“In spite of all that’s happened, we’re up considerably now from where we were last year,” she said.

COVID-19 shut down production in Georgia for two months last spring. As a result, the film industry’s economic impact in the state declined during the last fiscal year for the first time since the General Assembly enacted a generous film tax credit in 2008, from $2.9 billion fiscal 2019 to $2.2 billion in fiscal 2020.

By: Dave Willams

Continue Reading at northwestgeorgianews.com