The UK screen industry is set to lose £36bn (US$45.3bn) in revenue in 2020 as a result of the global coronavirus pandemic, according to a report from analysis firm Oxford Economics.
The report, commissioned by the Creative Industries Federation, predicts that the nation’s film and TV business will shrink by 57% over the coming year, with 42% of jobs across the sector lost – equivalent to 102,000 roles.
The findings represent a “cultural catastrophe” for the UK, according to the CEO of the Creative Industries Federation, Caroline Norbury.
Read more:https://www.c21media.net/uk-screen-industry-facing-45bn-hit/