The British film and high -end television expenses reached nearly $ 7 billion in 2024

The film and high-end television production in the United Kingdom made considerable gains last year, according to new figures from the British Film Institute.

In its annual report, the Bfi said that the movie and high-end television production expenses in the United Kingdom reached 5.6 billion pounds Sterling ($ 6.9 billion) in 2024, up 31% out of 2023 and before precovid expenses from 2019.

This resurgence follows a few turbulent years. In 2022, the British production sector reached a historic summit with 6.27 billion pounds of total spending, with 4.3 billion sterling pounds from that coming from high -end television and 1.97 billion Film sterling books. The internal investment dominated, contributing to 5.37 billion pounds sterling, or 86% of the total. However, 2023 saw a sharp decrease of 32% of production expenses to 4.23 billion pounds sterling, partly due to the impact of the strikes of writers and Hollywood actors, which disturbed the calendars of Production and delayed key projects.

In 2024, production expenses rebounded considerably, although it still failed the 2022 record. Cinematographic production expenses jumped 24% to 2.1 billion pounds sterling from 1.7 billion pounds Sterling of 2023, while high -end television increased by 17% to 3.4 billion pounds sterling against 2.9 billion pounds sterling. The number of films starting production in 2024, however, dropped to 191 from 207 in 2023, reflecting a change to less but lower budget.

The main international projects have continued to stimulate the UK production economy, with “Deadpool & Wolverine”, “Gladiator II” and “Wake Up Dead Man: A Knives Out Mystery” among the biggest productions of investment investment interior. While the figures of 2024 indicate a strong recovery, the volatility of the last three years highlights the sensitivity of the industry to global events and its dependence on external investment.

Given a local British industry which, according to many, is in crisis, while expenses in Hollywood production in the United Kingdom continue to surrender, the emphasis will be placed on the investment of the independent British titles. According to the BFI, production expenses in 2024 by non -American studio and streamer films – including independent investment productions in the United Kingdom and non -USUDIO – were 751.9 million pounds sterling, which represents 34% of total film production expenses in the United Kingdom.

By looking at the box office, admissions to British cinema climbed to 126.5 million in 2024, marking a modest increase of 2% compared to 123.6 million 2023, but still 28% below the pre- Pandemics of 2019. Revenues in the United Kingdom reached 00 979 million, hair of less than 980 million pounds sterling of 2023. When taking into account the Republic of Ireland, the total inflated to 1.01 billion Sterling books, an increase of 2% compared to 994 million pounds from last year. The figures confirm what industry analysts have said all year round: the absence of a cultural phenomenon on the “Barbenheimer” scale left exhibitors for exhibitors for a comparable event to supply massive participants. “Wicked” exceeded 2024 rankings with 59.6 million pounds sterling, a respectable performance but far from the domination of 95.6 million pounds from Barbie in 2023.

However, the British independent films experienced a spectacular resurgence in 2024, capturing a market share of 6.9%, against 3.8% in 2023. Their total reception of the box office reached 69 million pounds sterling, marking a Increase of 84% compared to the previous year, a notable contrast with 79 million pounds sterling of 2022, which was supported by a larger range of independent successes. The growth in 2024 indicates a promising rebound for independent British productions, reinforced by the enthusiasm of the public for local stories such as “Back to Black” and “One Life”. However, the figures are not yet below pre -pale levels, and the maintenance of this upward trend will depend on the support of the continuous government – such as the new tax credit on the independent British film – and the opportunities for Exhibition for low -budget films.

One of the trends concerning in 2024 was the drop in co -productions. Only 29 co -productions were launched, compared to 41 in 2023 and a peak of 48 in 2022. This represents a significant drop of 29% in two years, reflecting changing financial strategies between studios and producers. Total expenses in the United Kingdom in co-productions dropped to 80 million pounds sterling, a significantly decreased by 163 million pounds sterling in 2023, as fewer projects qualified as part of the official co-production agreements.

“The United Kingdom’s film and television industries continue to be a power of creativity, investment and jobs. After a disturbed 2023, including the impact of American strikes, production rebounded at 5.6 billion pounds sterling in 2024 – up 31% compared to the previous year – demonstrating the force of the United Kingdom in As long as a global destination for cinema, ”said BFI CEO Ben Roberts.

“At the same time, we know that these figures do not tell the whole story. The 22% drop in HETV national expenses is a reminder that many in the industry feel the pressure, and what happens will be critical. Continuous investment in skills and infrastructure, in parallel with solid government support, is essential to guarantee that the United Kingdom remains a magnet for international productions while strengthening our independent sector for the future. »»