Brexit: Seven consequences for the television and film industry – TVI24

Europe awoke to news that shook the Union of 28 (or 27) that will bring consequences for the UK economy: British chose to follow path alone . The television and film industry in the UK is of producing more content around the world, but now their productivity can slow down. The site Variety forward with seven consequences for the seventh art and television production on land “his majesty”.

first reason is related to the end of European funding to programs produced by Media , the European Fund for Cinema, Television and Digital Media (Media program). There will be a significant cut in financing the film, particularly for education projects, project development, co-production, festivals and distribution

the British film and television industry should resent the absence of European financial support (Picture: REUTERS)

Between 2014 and 2015, the Media Program has allocated 40 million euros to the British film industry for the distribution of 84 films in other European countries. Another example is the winning film of the financing of the Golden Palm this year, the film “I, Daniel Blake,” performed by British Ken Loach. The director received 172.828 euros for three other projects.

second highlights the question of quotas established for the issuance of European content in all member countries. Several British programs including those produced by producing the United States are considered European content. In the future, these programs will not have a universal character and will go through difficulties to be included in the grids of European television.

third alert goes to the end of the Schengen agreement and the need for directors, casts and production teams get visas to work in the UK. The problem presents also the British side against those who want to work in the European Union. The market in audiovisual technology could also experiencing difficulties with new tariffs and authorizations for the marketing of these devices.

changes in politics and bureaucracy related to immigration in the UK can also affect the film industry (Picture: REUTERS)

fourth is reserved for the departure of the British representatives the Digital Single Market discussion table, which addresses issues such as copyright and the end of the geo-blocking throughout Europe.

Fifth , there is a consequence positive, associated with the value of the pound falling against the dollar and the euro. The long-term will be cheaper to Hollywood and other European productions to record their programs in the UK. But on the other hand, there is bad news for British distributors:. A weak pound will lead to increased cost of imported foreign films if the business is done in dollars or euros

Devaluation of the pound may have positive and negative consequences (Picture: REUTERS)

sixth , the television and film industry in the UK will no longer be linked to “aid policy” EU defining state subsidies to be allocated to this market. The British government could create more attractive incentives than in the rest of Europe. But everything is still in the speculative means. Britain will still take about two years to say “goodbye” definitive the Union

Finally seventh result, which is also negative:. The uncertain period transaction and uncertainty. This alone will make damage to the television and film industry, which plans its projects years in advance.