Britain’s age of peak TV may be over, or at the very least plateauing, today’s BFI stats suggest. Following a year in which many major productions including Bridgerton, Lord of the Rings and Apple TV+’s Slow Horses rolled the cameras, spend on high-end TV nonetheless fell by 4% on last year’s record figure to £4.3B ($5.3B).
Both inward investment – shows commissioned by non-UK players – and domestic UK spend fell by a similar amount, with the former accounting for 84% of the total figure.
Although the drop is small, the news is a surprise to a booming industry that had seen a mega 155% rise in 2021 and now accounts for a far bigger slice of the TV/film pie.
The slight dip contrasted with a strong year for film, which saw spend grow by an impressive 27%, although local indie film continues to flounder.
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