Barclays launches £100m fund to support UK TV production

Barclays press release ------ Barclays has launched a £100m fund to provide UK TV production companies improved access to finance and enhance their ability to compete internationally. The fund, the first of its kind from a major UK bank, has been established with new, innovative financing products that have been designed to meet the evolving needs of the TV sector. The rise in popularity of SVoD (streaming video on demand) services led the Barclays Media team to consider how it could improve the types of funding provided to better support its TV clients. Conventional TV production loans are repaid as the content is delivered with the broadcaster paying the production company and funder simultaneously. With SVoD, revenues are often spread over a much longer term, which can present funding challenges. To learn more click on the picture below to read the article.