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BFI StatisticalYearBook_2014

17.4 Budget trends The median budget of domestic UK features was £140,000 in 2013, the same as in 2012 (Table 17.5). The median budget for inward investment features increased in 2013 to £13.7 million, from an unusual low of £3.8 million in 2012, while the median budget of co-productions increased from £1.1 million to £2 million. Table 17.5 Median feature film budgets, £ million, 2008-2013 Production category 2008 2009 2010 2011 2012 2013 Inward investment 17.20 18.40 16.60 18.80 3.80 13.70 Domestic UK 0.20 0.20 0.13 0.16 0.14 0.14 Co-productions 1.40 1.30 2.70 1.30 1.10 2.00 Source: BFI Notes: Median budget is the middle value of budgets when ordered lowest to highest (ie there are equal numbers of films above and below the median). The median in this case is a better measure of central tendency than the average as it avoids the upward skew of a small number of high budget productions. Includes films with budgets of less than £500,000. Data for 2008-2012 updated since publication of the 2013 Yearbook. Data for domestic UK films are shown to two decimal places to gain a clearer picture of change over the time period. 17.5 Size distribution of budgets The budget size distribution for the three main categories of films made in 2013 is shown in Tables 17.6 to 17.8. For inward investment features, the 16 features with budgets of over £30 million (43% of all inward features) accounted for 90% of the total budget for this category. There were 11 inward features with budgets of less than £5 million (30% of inward features), which accounted for 1% of the total budget for these films. Table 17.6 Size distribution of budgets, inward investment features, 2013 Budget band Number Total budget in band (£ million) % of total budget ≥£30 million 16 1,164.4 89.6 £10 – £29.9 million 5 79.4 6.1 £5 – £9.9 million 5 43.5 3.3 <£5 million 11 12.2 0.9 Total 37 1,299.4 100.0 Source: BFI Notes: Figures/percentages may not sum to totals due to rounding. Does not include VFX-only titles. The majority of domestic UK features (62%) had budgets under £500,000 and only eight productions (5%) had budgets of over £5 million (Table 17.7). The domestic features in the highest budget band accounted for 42% of this category’s aggregate budget while those in the lowest budget band accounted for 9%. 186 – BFI Statistical Yearbook 2014


BFI StatisticalYearBook_2014
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