A game of ‘international chess’ is how Maxime Cottray describes the current state of the global production business
sequels. Other regions with low or no COVID-19 infection, such as Scandinavia and countries in Eastern Europe, are moving back online. Major production hubs, including Canada and the U.K. are also re-opening. Universal Pictures has announced it plans to re-start the U.K. shoot for obtaining insurance
“We have put the time that we couldn't shoot into development,” says Martin Moskowicz, executive chairman at German mini-major Constantin Film. “So we have several projects, big and small, German and international, ready to go.” But he sees the Canadian production and studio sectors being well-placed to survive and thrive in a post-pandemic entertainment world once Hollywood returns to Canada in force in search of generous tax credits and currency savings.
Estimates of the additional cost for corona safety measures range from 7-25 percent: A sizable budget bump for indie productions.
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