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Coronavirus Could Cost U.K. Film and TV Sector $45 Billion in Revenues, Report Projects

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Naman Ramachandran The U.K. film, television, video and photography industries are projected to shrink 57% and lose £36 billion ($45.3 billion) in revenues in 2020 due to the effects of the coronavirus pandemic, according to a report by Oxford Economics.The report also forecasts that as social distancing constraints impact cinema capacity and the cost of filmmaking, 102,000 or 42% of jobs across the industries will be lost.Commissioned by the Creative Industries Federation in collaboration with a host of U.K.

arts organizations, including the BFI, Directors UK, Equity, Bectu, SOLT/UK Theatre, Arts Council England, and UK Music, the report, titled “The Projected Economic Impact of COVID-19 on the U.K.

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