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UK spend The ‘value of the production activities in the UK’ for Cultural Test/Production Costs Test films and ‘UK expenditure’ for co-productions (bilateral and European Convention). UK spend for co-productions may include some expenditure on UK goods and services which took place outside the UK US studio See studio-backed film VFX Visual effects. The various processes by which imagery is created and/or manipulated outside of live action material Video on Demand (VoD) A system that allows users to select and watch films on a television set, PC or mobile device at the time they want over an interactive network. Online VoD services in the UK employ four basic types of business model (the first two are transactional): rental VoD – one-off rental, also known as download-to-rent (DTR); retail or download-to-own (DTO), also known as electronic-sell-through (EST); subscription VoD (SVoD) – unlimited access to content for a fixed monthly sum; and free/advert-supported VoD from catch up services Video on physical media See Physical media Virtual Print Fee (VPF) The commercial joint funding model designed to help film exhibitors purchase digital cinema equipment. The VPF is a contribution towards exhibitors’ costs of digital cinema equipment, paid by distributors. This is based on the assumption that distributors will benefit from cost savings associated with using digital print distribution instead of analogue film print distribution 246 – BFI Statistical Yearbook 2014


BFI StatisticalYearBook_2014
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