Figures from the BFI’s Research and Statistics Unit have revealed the impact the Hollywood strikes had on the UK’s economy.
The combined spend by film and high-end television production (HETV) during 2023 reached £4.23 billion, 32 per cent down on 2022 but almost level with pre-pandemic levels.
A large part of the £4.23 billion spent on production during 2023 was contributed by HETV shows with £2.87 billion, or 68 per cent, reveal the figures; with feature film production contributing £1.36 billion.
- inward investment shows contributed £2.07 billion (72% of total HETV spend), a 43% decrease on 2022;
- domestic UK shows accounted for £766 million (27% of total HETV spend), a 21% increase on 2022; and
- co-production spend was £38.9 million (1.4% of total spend), a 7% increase on 2022.
Speaking about the findings, Adrian Wootton OBE, chief executive of the British Film Commission, said: ‘’Globally, the current environment for film and TV production has become challenging for a number of reasons and it will come as no surprise that as a result of industrial action in the US suspending production half way through the year, [these] figures are lower than those for 2022.
“However, despite this, we remain incredibly proud of the UK’s position as a leading global centre for film and TV production, post and visual effects, attracting international and domestic producers to make their content here. This is the result of our world-class crew base – in which we continue to invest, our generous tax credits – which have once again been enhanced, and our increased UK-wide stage space offer, coupled with our range of cutting-edge facilities and diverse locations.”
