14.1 The UK filmed entertainment market as a whole In 2013, theatrical revenues were the most significant component of the film value chain in the UK. As Table 14.1 shows, the box office accounted for 27% of total revenues (£1.1 billion) with video retail accounting for 23% (£940 million). Theatrical revenues were the same in 2012 at £1.1 billion (a 27% share of the UK market) while video retail grossed £968 million (24%). Gross television revenues increased by 4% from £1.5 billion to £1.6 billion, due mostly to a rise in multi-channel income, although much of this accrued to the television industry rather than to the suppliers of film. Gross revenues for UK films were estimated to be £900 million, with market share for UK films highest in terrestrial television (29%) followed by theatrical, video rental and video retail (all at 24%). Terrestrial television, video retail and VoD saw increases in revenue for UK film, with VoD having the largest increase of £21 million, from £52 million in 2012 to £73 million in 2013. Table 14.1 UK filmed entertainment market, 2012 and 2013 152 – BFI Statistical Yearbook 2014 2012 2013 Window Total gross value (£ million) Attributable to UK films (£ million) UK film as % of total gross Total gross value (£ million) Attributable to UK films (£ million) UK film as % of total gross Theatrical 1,099 377 34 1,083 256 24 Video rental (physical) 229 53 23 166 40 24 Video retail (physical) 968 223 23 940 225 24 Pay TV 671 133 20 596 121 20 Terrestrial TV 205 45 22 241 69 29 Other digital multi-channel 615 126 21 720 111 15 VoD 236 52 22 323 73 23 Total 4,023 1,009 25 4,069 895 22 Source: Rentrak, BVA, Official Charts Company, Attentional, IHS, BFI RSU analysis Notes: ‘Theatrical’ is the total gross UK theatrical revenues (including VAT) in the calendar years 2012 and 2013 for all films exhibited in the UK. See Chapter 1. ‘Video rental (physical)’ is the total revenue from physical video rental (DVD, Blu-ray, etc) transactions in the calendar years 2012 and 2013. See Chapter 11. ‘Video retail (physical)’ is the total revenue from physical video retail transactions in the calendar years 2012 and 2013. See Chapter 11. The television values are retail equivalent values calculated from the dataset of films shown on UK television. Values are estimated by multiplying the film share of the total channel time by the total revenue applicable to that channel (licence fee, subscription or advertising revenue). Television values cover terrestrial, pay TV and other digital multi-channel. See Chapter 13. Video on Demand revenues are derived from IHS estimates of the combined size of the television and online markets. UK share is based on an estimate derived from knowledge of UK film share in the pay TV and video markets. 2012 figures revised since the 2013 Yearbook. See Chapter 12. The above values are gross values and include distributor and exhibitor margins, VAT, prints and advertising costs, DVD/video retail margins, broadcaster and multi-channel television operator margins in addition to net returns to the film production sector and film investors. The revenues shown here are revenues earned by film in the UK market, whether UK or foreign films. The table does not include export revenues for the UK film industry. See Chapter 21 for UK film export revenues. Figures may not sum to totals due to rounding.
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