2024 saw a resurgence in British film and TV production, which had stalled due to the 2023 Hollywood writer and actor strikes. For the first time since the pandemic began, this industry has surpassed its pre-Covid levels, marking a significant comeback.
Based on data from the British Film Institute, the expenditure on film and premium TV production for the previous year amounted to approximately £5.6 billion or $6.9 billion, marking a significant rise of 31% compared to the spending in 2023 which stood at around £4.23 billion or $5.37 billion across 394 productions. In 2022, the total investment reached an even higher figure of £6.27 billion or $7.72 billion.
In statistical records, U.K. production expenditure is tallied according to the year when main filming began.
In the year 2024, a total of 191 new movies began filming in the U.K., which was slightly less than the 207 films that started production in 2023, as reported by the BFI. Included among these were Netflix’s Peaky Blinders film and The Fantastic Four movie.
Approximately two-thirds of the total spending on film production in the U.K. during that period was allocated to productions from the five leading U.S. film studios and the top three U.S. streaming platforms (Netflix, Apple TV+, and Amazon Prime Video). This marked a substantial 49% rise in spending from 2023 to 2024. Notable films falling under this category include ‘The Running Man’, ‘Wake Up Dead Man: A Knives Out Mystery’, ‘How to Train Your Dragon’, ‘Project Hail Mary’, and ‘Jurassic World Rebirth’.
Last year, the U.K. outdid itself by producing 181 high-end television series that started filming in 2024, as opposed to 187 from the previous year. The total expenditure in 2024 was £3.44 billion, marking a 20% increase over the revised figure of £2.87 billion from 2023 (which had initially been estimated at £3.09 billion). Notable productions highlighted were “The Immortal Man: A Peaky Blinders Film,” “The Donovans,” “Young Sherlock,” “Man vs Baby” and “Art Detectives.” Among the domestic HETV series, there were “Gavin & Stacey: The Finale,” “Inheritance,” “Transaction” and “Man Like Mobeen.”
Speaking about his role as CEO at BFI, Ben Roberts stated: “The U.K.’s film and television sectors remain a powerhouse of creativity, investment, and employment opportunities. Despite the challenges faced in 2023, such as the effects of US strikes, production spending recovered to an impressive £5.6 billion in 2024 – marking a significant 31% increase compared to the previous year. This underscores the U.K.’s position as a global leader in filmmaking. The British-made blockbuster ‘Wicked’ dominated the box office, following the success of ‘Barbie’ in 2023, while independent films like ‘Back to Black’ and ‘One Life’ contributed to expanding market share.
He added: “Simultaneously, we acknowledge that these statistics don’t provide a complete picture. The 22% decrease in domestic HETV investment serves as a warning sign that numerous industry players are facing strain, and the upcoming events will be decisive. It’s crucial for ongoing investments in skills and infrastructure, coupled with robust government backing, to keep the U.K. attractive for international productions and bolster our homegrown sector for the long term.
Read More
- Dragon Ball Z’s Spinoff Daima Is Officially Available In English, And I Think Fans Should Be Watching For One Major Reason
- Gremlins 3 and The Goonies 2: Are They Too Scary for Kids Today?
- SEC Refutes Ripple’s Argument to Reduce $2B Fine
- OHGEESY Announces ‘Paid N Full’ Album
- Zamna In Tulum Is Taking Your Festival Experience To The Next Level
- Anurag Kashyap’s heartfelt birthday wish for ‘now married’ daughter Aaliyah Kashyap is proof that he misses her
- Top gainers and losers
- Wolf Man” Director Declares “Invisible Man
- I Watched The Original Wolf Man For The First Time, And I Have To Talk About One Thing I Was Not Over The Moon About
- PICS: Parineeti Chopra does ‘soul healing’ with hubby Raghav Chadha in the simplest way ever; says ‘December you really Decembered’
2025-02-06 15:54