Hello and welcome back, Insiders. Jesse Whittock here to guide you through another week in film and TV. Onwards to the weekend… UK Production Booms… Sort Of Feeling a little peaky: There was a lot of good news in the BFI’s latest official production spend stats – and some worrying stuff, too.
The top line figures for the UK’s film and TV industries were excellent: record spend of £6.3BN ($7.8BN), up more than £600M on the (also record-setting) £5.6BN from 2021.
Film production was up a welcome 27% to almost £2BN but high-end TV (HETV) once again provided the lion’s share (£4.3BN), as shows like Lord of the Rings: The Rings of Power, Slow Horses and Top Boy drove up spend.
Inwards investment – a fancy way of saying ‘money from overseas’ – accounted for 88% of that total, but HETV spend was actually down 3% year-on-year.
Read more on deadline.com