Brexit and Its Impact on Photography, Film, and Television
fstoppers.com reports that there is next to no doubt that TV, film, and equipment manufacturers will be affected by this change; they are large and collaborative industries and even if the hit to the value of the pound is overlooked, the unison of the U.K. and other entities on projects may well become more difficult. This is an observation Emily Buder over at No Film School also makes as one of three predictions of major changes to the film industry as a result of Brexit. The co-production of films mitigates a lot of investment risk inevitable with larger projects through a number of methods, from the obvious to utilizing different countries’ tax laws. Buder’s second point, the decline of quality and quantity in British cinema, had rather shocking evidence to it: The EU financed (if only in part) 26 films that aired at Cannes this year and has contributed over 100 million euros to the film industry in the last 9 years. Buder’s third and final point is with regards to the U.K. as a filming destination. In 2015 37 Hollywood films were shot in the U.K. which is a mutually beneficial arrangement for both Britain and the film industry. With the change in laws, the retraction of EU support and a whole host of other changes to this relationship between the U.K. and cinema, it may not be as effective for production companies to choose Britain as a destination.