During the pandemic, with most of us spending more time at home, many of us have been binge-watching television, a trend that looks likely to continue into 2021. As an example, in the UK, the BBC reported in August that adults had been spending about 45 hours a week watching television and that there had been 12 million new customers subscribing to streaming services.
The TV industry appears to be facing far less uncertainty as a result of COVID-19 than other industries with ongoing demand globally for quality drama, as well as news, and various other TV genres. The size of the workforce in the screen industries has tripled in the last 20 years, and as it now starts to get back on its feet after the initial phase of the pandemic, there is a need for skilled and experienced finance professionals to join production companies.
Production accountants are trusted advisors in the screen world and are needed for key areas such as tracking costs across multiple episodes of a drama series, reporting on production costs, sorting payroll for cast and crew etc. In an uncertain world, it's good to see an industry starting to bounce back and as a result providing new opportunities for accountants.
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