Manori Ravindran International EditorThe U.K. has finalized its insurance solution for domestic film and TV production, with a £500 million ($647 million) fund set up to boost the industry.Variety was first to reveal in May that a government-backed fund estimated to be in the hundreds of millions of pounds was being proposed by an industry taskforce.The proposal effectively asked government for a guarantee around coverage for suspension or abandonment costs relating to COVID-19.John McVay, chief executive of U.K.
trade org Pact, led the industry’s working group on insurance as part of the BFI’s Screen Sector Task Force — a group that has worked diligently on potential solutions for the last three months.
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