The U.K. film, television, video and photography industries are projected to shrink 57% and lose £36 billion ($45.3 billion) in revenues in 2020 due to the effects of the coronavirus pandemic, according to a report by Oxford Economics. The report also forecasts that as social distancing constraints impact cinema capacity and the cost of filmmaking, 102,000 or 42% of jobs across the industries will be lost.
Source: Coronavirus Could Cost U.K. Film and TV Sector $45 Billion in Revenues, Report Projects