Pandemic wipes $ 3.5 billion from film and television’s contribution to UK economy – deadline

As the coronavirus continues to wreak havoc on production in the UK, with show closures including Bridgerton, a new report has shed light on the extent of the damage caused by the pandemic.

The non-profit Creative UK Group has partnered with research firm Oxford Economics to assess the screen sector’s contribution to the UK economy. They concluded that the gross value added of cinema and television of £ 21.6bn ($ 29.4bn) in 2019 fell by £ 2.6bn ($ 3.5bn) , or 12%, last year amid the coronavirus crisis.

In addition, the Creative UK Group report states that 5% of the 239,000 people employed by the film and television industry lost their jobs in 2020. This equates to the loss of 12,800 jobs.

Creative UK Group said it could have been worse without government interventions such as the production restart program, which provided an insurance safety net for productions and protected 44,000 jobs.

Creative UK Group said the UK creative industries combined lost £ 12bn in gross added value, while one in 20 people lost their jobs during the pandemic.

Caroline Norbury, CEO of Creative UK Group, said: “Many creative companies have faced crippling challenges over the past year, and we are still seeing too many talented people leaving the industry as job losses continue. continue. The pandemic has exacerbated existing inequalities and we need to make sure we rebuild in a way that drives inclusive growth, creates opportunity and allows people everywhere to thrive. “

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