With the new coronavirus shutting down film and TV productions across the world, many entertainment industry companies are bracing for a financial hit.
Naturally, it doesn't seem like a great time for new product and service launches. U.K. producer and film financier Wayne Marc Godfrey (The Last Thing He Wanted,The Foreigner,A Private War), for example, via financial technology firm Purely Capital, which he founded and leads as CEO, earlier in March launched an entertainment receivables platform that allows rights owners, producers and distributors to bridge the funding gap created when content is licensed to streaming platforms and networks for long-dated payments.