Lately there has been a lot of fearmongering going on with regards to the film industry and Brexit. Film industry experts have started refuting claims that the industry is going to suffer as a result of Britain leaving the EU.
Those who are saying that the film industry will begin to significantly decline because of Brexit point to the fact that the EU Media Programme invested €130 million into a number of TV, gaming and film projects.
Gary Collins, who is CEO of the highly successful Red Rock Entertainment, countered this statement by saying that the UK film industry received a total of €1.5 billion from the US alone. He said that this is proof that the film industry is not in fact on the decline due to Brexit.
Mr. Collins says that he’s confident that the government will provide the film industry with the cash it needs to continue. While he stated that independent filmmakers of co-productions made with other EU companies might be affected negatively, he says that other companies will still bring in financing.
“At the moment it is a buyers’ market, and I personally believe there are too many movies being made,” Collins was quoted as saying. He definitely didn’t shy away from the position that the film industry is currently oversaturated with too many mediocre movies, and the fact that the slight decrease in them isn’t necessarily a bad thing.
Collins went on to say that this could even help with levelling the playing field, allowing only the best movies to survive. He stated: “It will also force investors to be really picky about the quality of the movies they inject funds into, which ultimately encourages filmmakers to up their game.” Overall, Mr. Collins doesn’t seem to share the cynical view of the UK film industry’s future that others do.