Production company Lime Pictures has suffered a drastic drop in revenue following the Covid-19 pandemic.
The Liverpool based company behind Hollyoaks, The only way is Essex, Geordie Rive and Celebrities are dating filed documents with Companies House revealing that its turnover rose from £ 69.5million to £ 50.8million in 2020.
Profits also fell by almost half, from £ 5.7million to £ 3.2million. The accompanying reports said the pandemic “has created significant volatility” and caused “economic uncertainty and disruption” in the industry.
However, the report adds: “The importance and relevance of high-quality television content is increasing in an ever-changing media landscape… [with] changing consumer consumption behaviors, the growth of new global platforms and changing demand tastes for genres and formats. “
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The production company is also committed to raising “awareness of major social and topical issues” and “showing wide diversity and inclusion on screen” in Hollyoaks.
The Channel 4 soap opera is Lime Pictures’ most successful show, winning the company a number of industry awards, including Digital Spy Reader Award, Broadcast Digital Awards and a Writers’ Guild of Great Britain award.
Lime Pictures has also produced various spinoffs for its hit reality shows, including Judge Geordie, The Hollywood Nights of Mark Wright and Gemma Collins: Diva Forever. It was also behind Free rain on Netflix.
The film and television industries have struggled to stop or suspend productions due to positive coronavirus tests. Game Of Thrones spin off Dragon house, the second season of Bridgerton and Peaky BlindersThe final series all suffered production delays due to positive tests.
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The industry has also had to adhere to new standards, including social distancing, forming “bubbles” with the cast and crew, and quarantining before filming.
Coronation Street has recently been the subject of criticism from fans due to the social distancing visible in the series. Toyah Battersby actress Georgia Taylor said the restrictions are necessary “to keep the show on the air” by preventing production from being interrupted by positive tests in the cast and crew.
Hollyoaks Currently airing new episodes Monday through Friday at 6:30 p.m. on Channel 4, with first screenings at 7 p.m. on E4.
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