British film production in decline but co-productions up
by Naman Ramachandran
26/07/2012 - The inexorable decline of domestic UK production continues with only 200 films produced during 2011, a steep decrease from the 282 produced in 2010, with the UK spend from domestic productions worth £200 million in 2011, down from £209 million in 2010. Of the 200 domestic UK films produced during the year, 124 (62%) were made on budgets under £500,000. The number of UK co-productions rose 31% from 32 in 2010 to 42 in 2011. These are some of the numbers revealed in the 2012 Statistical Yearbook, compiled by the British Film Institute’s Research and Statistics Unit.
The UK film industry contributed £3.3 billion to GDP and a trade surplus of over £1.5 billion. The 558 films released in the UK during 2011 sold over 172 million cinema tickets, a 1.4% increase on 2010, driving box office revenues up 5% on the previous year to break the £1 billion barrier for the first time, reaching £1.04 billion. The highest grossing film of the year was Harry Potter and the Deathly Hallows: Part 2 [trailer] (photo) – a UK-made film backed by Warner Bros that earned £73 million. In second and third place at the UK box office were independent British films The King’s Speech [trailer, film focus], which took £46 million, and The Inbetweeners Movie [trailer] £45 million. Film production spent in the UK topped £1.27 billion (a figure that includes non-UK films shooting in the country) in 2011.
Amanda Nevill, Chief Executive of the BFI, said, “We are far from complacent; it’s still a tough economic climate in which to raise finance for film production, and digital technologies continue to bring both challenges and opportunities for industry.”