Zygi Kamasa, chief executive of Lionsgate UK and Europe, has warned that the success of British cinema is being threatened by a loss of funding caused by Brexit, an international publication reports
Zygi Kamasa, chief executive of Lionsgate UK and Europe, has warned that the success of British cinema is being threatened by a loss of funding caused by Brexit, an international publication reports.
A still from Slumdog Millionaire
ADVERTISEMENT
Kamasa warned that hits like Slumdog Millionaire and the King's Speech may no longer be made in the future as a result of this development. "Between 2007 and 2013, over €100m was invested in UK films. It is a big amount for indigenous British productions. The concern is that, with Brexit, we will lose that funding."
He argued the industry was already struggling to attract finance as more and more people opted to remain at home, watching box sets or movies on large-screen TVs. "Hollywood is moving towards a smaller number of films with massive budgets... So, when you go to the cinema, you are tempted to choose a big spectacle."
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
