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The Basement
COVID related bankruptcies in the production space
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<blockquote data-quote="Jeff Babcock" data-source="post: 214519" data-attributes="member: 46"><p>Just wondering how everyone is doing surviving the brutal impacts of COVID restrictions on production companies.</p><p></p><p>I am aware of several companies going belly up recently, including one of the largest ones in Toronto, who had hundreds of staff. The ones who are surviving seem to have in some cases pivoted to a lot of video work and install work. A number of events well into 2021's busy season are already getting cancelled, so this could mean 2 busy seasons in a row of really poor income and I am worried by what this could mean for the industry.</p><p></p><p>Those of you out there, how are you doing?</p><p></p><p>Best wishes to all of you impacted by this.</p><p>Jeff</p></blockquote><p></p>
[QUOTE="Jeff Babcock, post: 214519, member: 46"] Just wondering how everyone is doing surviving the brutal impacts of COVID restrictions on production companies. I am aware of several companies going belly up recently, including one of the largest ones in Toronto, who had hundreds of staff. The ones who are surviving seem to have in some cases pivoted to a lot of video work and install work. A number of events well into 2021's busy season are already getting cancelled, so this could mean 2 busy seasons in a row of really poor income and I am worried by what this could mean for the industry. Those of you out there, how are you doing? Best wishes to all of you impacted by this. Jeff [/QUOTE]
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