BFI launches fund for film sales orgs
The BFI has launched a £500,000 Covid-19 UK Sales Company Organisational Support Fund to support business development impacted by the pandemic.
The temporary resource will offer up to £25,000 per company with National Lottery funding to help those UK film sales companies that need business resilience support. The fund is open from today (6 July) for four weeks and is aimed at covering costs that cannot be met by the government or elsewhere.
The suspension in production and the cancellation of a swathe of film markets and international film festivals has had a drastic impact on film sales companies, which make a large part of their revenue from attending the world markets events.
The shift to online iterations – such as the recent Cannes festival – means the sales outfits must swiftly adopt new methods of marketing, selling and acquiring product, which often incurs expenditure on new digital and IT processes.
Ben Roberts, chief executive of the BFI, said: “We are committed to supporting the Government’s ambitious export targets and ensuring a globally competitive UK film market. As a vital part of the value chain, sales companies connect a film with a global audience, and deliver back to the rights holders the resulting international revenues.
“Enabling them to evolve their business model in this period of rapid change for the industry, so they can more effectively and efficiently marketing UK films in the competitive international marketplace, is paramount to their trading and our overall film landscape.”
More details can be found here.
Also on The Knowledge
The government has announced a £500m restart scheme to aid UK domestic productions facing Covid-related insurance issues, which is estimated to cover more than 70% of projects.
Channel 5 has announced a slate of commissions from seven BAME-owned and managed production companies - a result of its BAME indie initiative launched last September.
Sony Pictures Television (SPT) has acquired London-based production company Eleven, makers of Netflix drama Sex Education.
Channel 4 is speeding up its decision-making process during lockdown with the introduction of fortnightly commissioning rounds.
Screen Scotland has unveiled details of newly ring-fenced development support for Scotland’s independent film and TV companies.
The Edinburgh TV Festival will be presented digitally this year with free access for freelancers.