With the COVID-19 crisis not about to end, the Trudeau government is adding $ 50 million to an insurance fund to allow Canadian producers to continue shooting movies and TV series until in March 2022.
This additional amount will go into an insurance fund so that film and series producers can insure their shoots in the event of positive cases or an outbreak of COVID-19 on sets.
Ottawa had already announced in September a compensation fund of $ 50 million for the period from September 2020 to March 2021. Ottawa announced Wednesday that the total amount of compensation from the fund will increase to $ 100 million and will be extended for an additional year, until March 31, 2022. This Ottawa-funded insurance fund responds to a demand from producers, who could not have resumed filming because they were otherwise unable to insure against the risks of cases of COVID-19.
“With this increase in the fund from 50 million to 100 million, the number of productions covered will be able to increase significantly, which means more jobs, more productions, more Canadian content available to an audience from one end. across the country, ”said Federal Minister of Canadian Heritage Steven Guilbeault, in his speech Wednesday at the conference of the Canadian Media Producers Association (CMPA).
The CMPA, which brings together Canadian producers, welcomed the extension of the insurance fund by Ottawa for another year. The president of the CMPA, Reynolds Mastin, expressed his immense “gratitude” to Minister Guilbeault, whose decision will contribute to the return to work of thousands of employees of the audiovisual sector on the sets, according to Mr. Mastin.
Since September, 160 productions have benefited from this federally funded insurance, including 70 productions that have finished filming. The value of the projects covered by the insurance is approximately $ 500 million.
The insurance fund funded by Ottawa (but administered by Telefilm Canada) allows producers to be compensated if one or more cases of COVID-19 on a set delay or prevent a scheduled filming. A producer can be compensated for a maximum of 1.5 million in the event of temporary interruption and for three million in the event of permanent interruption of filming.