NEW Articles4 Dec 2023
BFI Patrons’ and Supporter’s End of Year Screening
Alliotts' Media team attended the BFI’s Patrons’ and Supporter’s End of Year Screening of The Red Shoes.
Articles
International feature film production spend in the UK during 2022 was £1.74BN and high-end TV (HETV) investment was an additional £3.632BN. This makes for an impressive total investment of £5.4BN. Overall film and HETV production costs in 2022 were £6.27BN,... Read more
International feature film production spend in the UK during 2022 was £1.74BN and high-end TV (HETV) investment was an additional £3.632BN. This makes for an impressive total investment of £5.4BN. Overall film and HETV production costs in 2022 were £6.27BN, that compares to a spend of around £120 million a year in the early 1990s . It is likely that the 2022 total will rise as these are interim numbers.
International productions filmed in the UK last year included Barbie, Lord of the Rings: The Rings of Power Season 2, Sex Education Series 4, Lift and Mission Impossible
The British Film Commission offers bespoke production support to film and HETV projects. Around 93% of international productions were supported by the British Film Commission. The bespoke service helps international companies in all areas of production including visas, locations, UK stage space, EU exit issues and UK Film Tax Relief
Adrian Wootton OBE, Chief Executive of the British Film Commission commented after the release of these statistics `As today’s figures demonstrate, the UK film and TV industry continues to experience remarkable growth in production, generating billions of pounds for the UK economy and thousands of new jobs in production hubs throughout the UK`s nations and regions`.
Ben Roberts, BFI Chief Executive noted that `our world-class talent, craft and production services, and vital film and TV tax reliefs, have enabled the UK to be a major player in a highly competitive global industry.`
A huge contributory factor to the success of UK production escalation is the Tax Credit regime which is transparent and provides funds straight back to the producer. The BFI believes that every pound of tax credit results in £8.33 0f additional spending in the UK. The overall UK economy is not in a great shape but the media industry is doing its hardest to make sure it doesn’t fall even further behind.
THE TEAM
Consultant
More & Other Musings
View all related contentNEW Articles4 Dec 2023
Alliotts' Media team attended the BFI’s Patrons’ and Supporter’s End of Year Screening of The Red Shoes.
NEW Articles24 Nov 2023
As expected the Chancellors Autumn Statement again confirmed its ongoing Government support for the film and television sector. Inward investment by overseas streaming companies and studios has created thousands of new jobs in the UK and has been a major... Read more
Articles9 Nov 2023
After 118 days on strike, Sag-Aftra (Screen actors guild-American federation of television and radio artists) has reached a tentative agreement on a new three year contract with Hollywood studios. The strike ends today and will go to the union’s national... Read more
Articles11 Oct 2023
The self-fulfilling cycle of Netflix cancellations
Articles26 Sep 2023
Well here it is again, the London Film Festival now in its 67th year