British TV’s International Co-Productions Plummeted Last Year, Underscoring Panic About Funding Crisis
deadline.comBritish TV drama executives have been panicking about a sharp fall in high-end international co-productions. BFI data published today confirms the anecdotal evidence.
Though the headline figure from the British Film Institute’s annual health check on the UK film and TV sector is encouraging (investment is up 31% to £5.6B ($7B) after the 2023 strikes), scratch the surface and the data supports concerns about a funding crisis in British storytelling.
The BFI figures show that spending on co-productions stood at £19.6M last year, less than half the £44.2M recorded in 2023 and nearly 60% down on 2022’s £48.3M.
The £19.6M figure is much closer to the £15.6M spent on co-productions in 2021, suggesting that the post-pandemic boom in collaboration between UK broadcasters and U.S.
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