Could Studios See Production Slowdowns as Pandemic Insurance Policies Expire?
variety.compandemic, it’s a white-knuckle experience that tests the intestinal fortitude of producers and studios with an appetite for putting it all on the line.“It’s a delicate equation that you have to calculate,” says Glen Basner, founder of FilmNation, the producer of “Promising Young Woman” and 2016’s “Arrival.” “You have to factor in the risk of total abandonment of your movie if key talent gets sick versus the benefits of being able to create content at a time when few others are doing that.
It’s all about weighing risk versus reward.”A few companies that locked in their umbrella insurance policies before the coronavirus upended the world remain covered in the event that their star or director contracts COVID-19 or, in the worst-case scenario,.
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