How higher interest rates are weighing down production budgets

All creative decisions are framed by financial constraints – and those constraints have become far tighter as interest rates have skyrocketed in the wake of the pandemic.

“It takes so long to raise finance,” Fulcrum Media Finance CEO Tim Phillips says. “There was a period where all these budgets had been prepared and then suddenly we had a historic run of interest rate rises. Everyone was under budgeting their financing costs – it really caught everyone flat-footed.”

The Producer Offset forms an integral comp...