(ANSA) - ROME, MARCH 10 - The Cannes Film Festival is still certainly given by the press announcements of the event despite the threat of coronavirus: it is in fact among the numerous events in France at risk of suspension due to the recent stop of the Airaduni government of over a thousand people. In the event of cancellation, however, the festival cannot rely on an insurance coverage. To reveal it is Variey.
Cannes - according to Variety - had the opportunity from its insurance company, Circle Group, to purchase a coverage option for epidemics and pandemics about ten days ago, and surprisingly rejected it. The repurchase option, vadetto, represented approximately 6% of the total price of the insurance package. Since it has refused the option, the festival will not be covered if it is canceled even if due to a government decree.
The film festival, which has a budget of around € 20 million, is funded by French taxpayers and corporate sponsors. The organizers said a few days ago to Variety that they were monitoring the coronavirus situation while carrying on the selection of films in view of the press conference announced for April 16th. (HANDLE).
Cannes will not have insurance coverage in the event of a stop
2020-03-10T16:37:24.826Z
The Cannes Film Festival is still given for certain by the press announcements of the event despite the coronavirus threat: it is in fact among the numerous events in France at risk of suspension due to the recent stop of the government at the gatherings of over a thousand people. (HANDLE)