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UK Unveils Global Screen Fund to Partially Replace EU Money After Brexit

Labor News, Industry News

Reprinted from The Hollywood Reporter by Alex Ritman on November 25, 2020.

The British government on Wednesday formally announced the creation of a Global Screen Fund aimed at partially replacing Creative Europe’s MEDIA funding following the completion of the Brexit transition period at the end of the year.

As part of a major spending review on Wednesday, which set out plans for the British economy post-Brexit as it deals with the impact of the COVID-19 pandemic, chancellor Rishi Sunak confirmed an initial pot of £7 million ($9.4 million) for the Global Screen Fund, which was first proposed over the summer.

In 2018, the UK received $14.5 million in MEDIA funding.

The British Film Institute, which has been calling for $22.8 million, highlighting how MEDIA funding has aided both UK exhibition and distribution and British films in Europe for more than a decade, is set to administer the fund. It argued that the sector would likely shrink by 10 percent, costing up to 1,200 jobs, with no replacement arranged. …

THR 11/25

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About Jeffrey Burman 336 Articles
Jeff Burman served on the Guild’s Board of Directors from 1992 to 2019. He is now retired. He can be reached at jeffrey.s.burman.57@gmail.com.

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