The British Film Institute (BFI) has revealed that a staggering $7 billion was spent on film and high-end TV in Britain last year, marking a 31% increase from the previous year. However, this surge was largely driven by foreign, particularly American, projects filming in the UK. Domestic TV production saw a significant decline, dropping by 22% to $598 million. The film sector also experienced a shift, with domestic movies accounting for just 9% of the total film spend. Co-productions between the UK and other countries fell by 50%, now representing less than 1% of the overall TV spend. This data suggests a growing trend where the UK is increasingly serving as a service industry for Hollywood, potentially at the expense of its own domestic content. Meanwhile, the European Film Market (EFM) in Berlin is gearing up with several high-profile projects, including a peasant revolt film starring Matthew McConaughey and a horror flick featuring Ke Huy Quan and Lili Reinhart.
Source: deadline.com
