In the cinematic universe, we saw that in 2020, when COVID hit, our way of watching cinema changed. As the cinemas weren’t open, and no filming for current films, and tv were able to take place, did this affect the film industry and their financial stability?
Many TV soaps such as BBC’s Eastenders became more COVID aware as the shooting remained to take place, after a few months off air, but later started re-filming whilst adhering to the COVID safety guidelines by using masks, rule of 6 people and keeping the 2 meters distance. Articles such as the independent state “Eastenders using CGI and real-life partners as body doubles to resume filming during the pandemic“. However, with this this led to having to employ people with the expertise to do CGI, but the argument of wether the costs outweigh the revenue. With more people inside and not working, they have more time to watch TV so theres more people watching the shows.
As some traditions of TV watching remained, it could be argued that other means to enjoy TV and Film altered.
While being in isolation many of us moved from cinema‘s etc, to more streaming services such as Netflix, DisneyPlus, Amazon Prime, NowTV And so forth... And for many others of us we moved to more short video streaming services, such as TikTok, Instagram, YouTube and many more. This could be argued to have actually impacted audiences in a negative way. for many peoples attention span, we can see its decreased a lot, and in our post-covid world, less people watch films as their attention doesn’t last that long, but this has led to people to watch more series and use more apps etc. Which could have lasting financial impacts on the production and film consumption.
Whilst the finances of these online services improve from us being at home during lockdown, others fell drastically.
Some of our favourite cinemas such as Cineworld suffered a loss of £2.2 Billion due to 127 chains were closed and there was 80% decrease in admissions.
CLICK THE LINK FOR A USEFUL FILE ON THE ECONOMIC CHANGES FROM COVID:
PUBLISHED BY KERRY HANSON
INSTAGRAM @KERRYHANSONX
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