Barclays Offers $230M To Help UK Producers Score SVOD Orders; Doubles Scheme That Backed ‘Black Earth Rising’

Barclays Bank has doubled the size of its fund to help British production companies develop programming for SVOD services such as Netflix and Amazon. Last year, the British bank launched a £100M (US$130M) fund to address cashflow problems faced by British producers as they win business from the digital platforms. They have now doubled this fund to £200M (US$260M). British broadcasters generally cashflow productions at the point of commission, although different networks…

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