Hollywood money fuelled record £2.8bn spend on UK film production last year
Growth expected to slow as Netflix pulls back projects to US to secure $80bn takeover of Warner Bros DiscoveryA spending spree by Hollywood studios and streamers pushed investment in film production in the UK to a record £2.8bn last year, but growth is expected to slow this year as Netflix switches investment to the the US to secure an $80bn (£59bn) takeover.The British Film Institute, which has been publishing annual data on spend on the production of films since 2002, said 91% of the record film spend was down to “inward investment” from studios and companies based outside the UK. Continue reading...
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Growth expected to slow as Netflix pulls back projects to US to secure $80bn takeover of Warner Bros Discovery
A spending spree by Hollywood studios and streamers pushed investment in film production in the UK to a record £2.8bn last year, but growth is expected to slow this year as Netflix switches investment to the the US to secure an $80bn (£59bn) takeover.
The British Film Institute, which has been publishing annual data on spend on the production of films since 2002, said 91% of the record film spend was down to “inward investment” from studios and companies based outside the UK.
Continue reading...
