Canadian producers welcome new Federal Aid Fund to help film and TV production suspended due to lack of COVID-19 insurance.
On Friday, Heritage Minister Stephen Gilbo announced the $ 50 million fund as a short-term asset to be managed through Telefilm Canada և Canada Media Fund.
The fund will offer maximum compensation to the producers – $ 1.5 million in case of temporary interruption – $ 3 million in case of complete cessation of production.
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“There has rarely been a problem in this industry that has a profound effect on this industry, so it is clear that the news is very welcome,” said Tom Cox, Wynonna Earp producer in Calgary, who has been waiting for months for such help. he will be able to move forward in some upcoming productions.
“There were literally tens of thousands of jobs in the line – hundreds of millions (of dollars) in production, they realized that, they put forward a positive offer that is obviously absolutely important to the industry.”
Gilbot said that in order to qualify for the fund, a manufacturing company must meet certain criteria.
“It was supposed to be a Canadian-owned, Canadian-controlled production,” Gilbeon told reporters.
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“The company should have had a COVID security plan. It had to be an independent production company, so it was not affiliated with the host. ”
In the coming weeks, Telefilm will announce more information on the implementation of the new fund, he added, noting that the ministry is “literally running to make it up and use it as soon as possible.”
“We will look very closely at the evolution of the situation. If we need to do more to help the industry, as we have in the industry as a whole, we will continue to do so.”
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The announcement comes after the Canadian Media Producers Association (CMPA) և Association quebecoise de la production mediatique launched a fund where producers would pay royalties for COVID-19 coverage and the government would offer $ 100 million. The policy sale was insufficient to meet the requirements.
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The inflation occurred during the epidemic, when some insurance companies serving film and television began to exclude from their new production policy any COVID-19 coverage on a retrospective basis.
This meant that many Canadian companies that did not have insurance policies prior to COVID-19 could not run the risk of launching the virus just to stop the virus.
Last week, companies said they had found 214 camera-ready movies, TV shows, 19,560 jobs and $ 1 billion in production that had stalled because insurers did not offer COVID-19 coverage.
Winnipeg producer Kyle Irving is waiting for several projects due to the lack of such insurance. An Eagle Vision partner was able to rotate cameras earlier this month for the fourth season of CBC’s “B Load of Wisdom,” but only because an eOne co-producer was able to “insure against insurance risk,” he said in an interview.
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“Unless you have the size of a company like this, Canadian independent manufacturing companies can not take that level of risk,” said Irving, who was optimistic about Friday’s announcement.
“Satan is always in the details, but we will give the government an advantage over doubt. I know that the CMPA is actively working on how to properly regulate the government, և informing և consulting to make sure they have all the information they need to make sure it is right. So the fingers are crossed. ”
Friday’s announcement was not inferior to the funding groups were demanding, but Gilbott suggested the government was ready to increase funding if needed.
“If we realized that $ 50 million is not enough, more is needed to help the audiovisual sector, we will certainly adjust this measure accordingly.”
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The Performers Union ACTRA կոն Industrial Consortium was one of FilmOntario և’s TV companies that praised Friday’s social media news.
CMPA Executive Director Reynolds Mastin thanked the government in a statement, noting that the funding “will help hundreds of Canadian film և television projects move forward after months of uncertainty.”
“The rapid implementation of a viable program is now possible for the mission, endangering thousands of jobs.”
© 2020 Canadian Press