The compensation fund set up to allow the resumption of filming and series in the face of the Covid-19 epidemic has been doubled to 100 million euros thanks to the participation of mutual insurers, announced the CNC Tuesday.
Claimed by the producers, supplemented by the State and placed under the aegis of the National Center for Cinema and Animated Image (CNC), this temporary compensation and guarantee fund for filming, operational since June 1, so far had 50 million euros. It covers the cost of postponing or canceling a shoot due to the Covid-19.
Helping the audiovisual and film sectors
Its creation had been announced in early May by President Emmanuel Macron to help the audiovisual and cinema sectors, paralyzed because they were not insured against the risk of a pandemic for filming. He then indicated that this fund could be co-financed by insurers, which had not been the case at first.
“The CNC had imagined a two-story cover. The public fund is operational for all the shootings that have been able to resume or start since May 11. The second, made up of private insurers, has just come to fruition and this is excellent news, "declared the president of the National Cinema Center (CNC) Dominique Boutonnat, quoted in the press release.
"A fine example of public-private partnership"
“This new step doubles the indemnification capacity for the Covid-19 incident on the set, bringing it to 100 million euros. It is a fine example of partnership between the public and the private sector in the service of creation, ”he added. Concretely, "thanks to the work undertaken with a pool of French mutual insurers made up of Areas Assurances, Macif and Matmut", filming will now have access to a higher level of guarantee, with a commitment reinforced to 1, 8 million euros in total and 30% of the estimate, says the CNC.
This fund was previously intended to cover the risk up to 20% of the cost of the film, with a ceiling of 1.2 million euros.
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