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Canada Eyes $75 Million Government Backstop for Film & TV Insurance Plan (EXCLUSIVE)

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variety.com

Manori Ravindran International EditorCanada’s insurance solution for the film and TV industry could see a CAD$100 million ($75 million) government backstop instated to help productions restart in the wake of the coronavirus pandemic, Variety can reveal.Producers’ trade body, the Canadian Media Producers Association (CMPA), has confirmed it has asked the federal government to contribute CAD$100 million ($75 million) to top up a “pledged reserve” of funds, pooled from the sale of coronavirus-specific insurance policies.Canada’s insurance response is one of the more unique strategies to emerge from the COVID-19 crisis, with producers, insurers and the government all being asked to put some skin in the game to safeguard the industry.That.

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