Streamers Drive UK TV Production Sector Revenues To Record $5B High In 2022, But Pact Boss John McVay Forecasts “Tough” 2023 & “Shaky” 2024
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deadline.comThe UK TV production sector grew rapidly in 2022 to a near-£4B ($5B) high, but Pact boss John McVay has forecast a “tough” full-year 2023 and “shaky” 2024.
The producer trade body’s annual Pact Census, which covered the 2022 calendar year, found indie revenues to have risen by 21% – comfortably besting the previous record of £3.3B in 2019.
International TV revenue skyrocketed by 70% to £1.6B and spend from the streamers rose by a whopping 133% to £700M – both smashing previous records.
Unveiled yesterday during a press briefing, the heady numbers will come as little surprise, given that 2021 was hit by Covid-19 and 2022 saw a rush back into production.
Read more on deadline.com
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