17.1 The value of UK film production The aggregate UK spend of features that commenced principal photography in 2013 was £1,069 million. This was up 7.5% from £994 million in 2012, but below 2011’s record figure of £1,321 million (Figure 17.1). (The data in this chapter differ from those in Chapter 18 which analyses UK films based on year of certification.) Inward investment films contributed £860 million (81%) towards the total UK production spend in 2013, up £189 million (28%) from 2012. Some of the big budget films contributing to this figure were Far from the Madding Crowd, Good People, The Gunmen and Vampire Academy: Blood Sisters. Domestic UK features, including A Little Chaos, The Long Goodbye, Our Robot Overlords and Pride spent £154 million in the UK, a fall of £90 million (38%) from 2012 – the lowest figure since 2004. This is due to a fall in domestic films made by UK companies but financed by US studios. Expenditure on independent domestic UK films increased from £134 million to £150 million. Official and unofficial co-productions contributed £54 million, down from £75 million in 2012. These included Christina Noble, Humshakals, Jimmy’s Hall, Mr. Turner and Trash. According to IHS, the UK is ranked third in the world in terms of the value of feature film production behind the USA and Japan. Figure 17.1 also shows that since 1994, both the growth and annual variation in the total value of UK spend has principally been driven by inward investment and how it fluctuates from year to year. The UK spend of UK domestic films has been broadly stable over this period, fluctuating around an average of £193 million per year, while there was a decline in co-productions following changes to the UK film tax relief in 2007. Chapter 17: Film, high-end television and animation production in 2013 – 179 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Image: Pride © PATHÉ PRODUCTIONS LIMITED, BRITISH BROADCASTING CORPORATION and the BRITISH FILM INSTITUTE 2014. ALL RIGHTS RESERVED.
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