Promotional poster.
Promotional poster.

Variety is reporting that one of the world’s most glamorous and famous film festivals will not be covered by insurance if it is cancelled due to the coronavirus. Shockingly, the film festival rejected an opportunity to purchase a buy-back option from its insurers (Circle Group) to cover cancellations due to a pandemic or epidemic, just ten days ago. France’s government has already passed a law forbidding the gathering of more than 1,000 people since the coronavirus outbreak. One of the most expensive film festivals in the world, the Cannes Film Festival typically draws a crowd of 40,000 people.

The film festival costs approximately $33 million and is paid for by French taxpayers and corporate sponsors. Although the public relations department of the Cannes Film Festival has refused comment about the matter, Pierre Lescure, president of the Cannes Film Festival, confirmed to French outlet Le Figaro that the festival is not insured for coronavirus. He added that the offer made by Circle Group ten days ago was “totally disproportionate,” which is why they declined the buy-back option.

Read more in Variety.

Follow The Burton Wire on Twitter or Instagram @TheBurtonWire.

Previous articleKenya: Rare White Giraffe and Calf Killed by Poachers
Next articleCoronavirus: Nineteen African Nations Confirm Cases
TheBurtonWire.com is the premiere online destination for people who think for themselves. This blog offers news from the African Diaspora, culture that is produced by often overlooked populations and opinion that is informed and based on fact. Tired of the onslaught of websites and talking heads that regurgitate what people want to hear, TheBurtonWire.com is a publication that elevates news and perspectives that people need to hear. TheBurtonWire.com is for individual thinkers who understand that they are part of a larger collective. What is this collective? Free thinking people that care about the world, who will not be categorized or boxed in by society or culture and are interested in issues and topics that defy stereotypes and conventional wisdom.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.