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BFI StatisticalYearBook_2014

6.1 UK films worldwide UK films earned a combined worldwide gross of $4.1 billion in 2013, an 11.4% share of the global box office, which hit a new record of $35.7 billion (Table 6.1). The 2013 global gross for UK films was the lowest since 2009. UK studio-backed films (UK films wholly or partly financed and controlled by US studios but featuring UK cast, crew, locations, facilities, post-production and often UK source material) shared 9.8% of the worldwide box office in 2013, with earnings of $3.4 billion, down from $4.6 billion in 2012. UK independent films earned 1.6% of global revenues with a gross box office of just over $649 million, up from $625 million in 2012. These global market shares include the box office takings in the UK and Republic of Ireland release territory (where UK studio-backed films had a 15.5% share of the box office and UK independent films had 6.6%). Table 6.1 UK films global market share, 2002-2013 Chapter 6: UK Films internationally – 61 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Year UK films worldwide gross (US$ billion) Image: Fast & Furious 6 ©2013 Universal City Studio Productions LLLP. Courtesy of Universal Studios Licensing LLC Global theatrical market (US$ billion) UK share (%) UK studio-backed films share* (%) UK independent films share (%) 2002 1.8 19.8 9.1 7.6 1.5 2003 1.4 20.1 6.9 5.5 1.5 2004 2.9 24.9 11.6 10.0 1.6 2005 3.6 23.1 15.5 13.4 2.2 2006 2.2 25.5 8.6 7.5 1.2 2007 3.3 26.3 12.5 10.6 1.9 2008 4.2 27.8 15.1 13.3 1.8 2009 2.0 29.4 6.8 4.4 2.4 2010 4.5 31.8 14.2 12.6 1.6 2011 5.6 32.6 17.2 14.4 2.8 2012 5.3 34.7 15.3 13.4 1.8 2013 4.1 35.7 11.4 9.8 1.6 Source: BFI, Rentrak, MPAA, IHS * ‘Studio-backed’ means backed by one of the major US film studios. As Figure 6.1 shows, the UK/US studio market share fluctuates significantly from year to year and is highly dependent on the performance of a small number of titles. The peak in 2011 was largely due to two hugely successful releases: Harry Potter and the Deathly Hallows: Part 2 ($1.3 billion) and Pirates of the Caribbean: On Stranger Tides ($1 billion). The share for UK independent films has stayed around 2% over time; the increase in market share of independent UK films in 2011 was mainly due to the success of one title, The King’s Speech, which grossed $389 million worldwide ($414 million including 2010 earnings). In 2012, the UK independent market share fell by one percentage point from 2011’s record level, and this was followed by another slight fall in 2013. Figure 6.1 UK films global market share, 2002-2013 16 14 12 10 8 6 4 2 UK/US studio share 7.6 5.5 10.0 13.4 7.5 10.6 13.3 4.4 12.6 14.4 13.4 9.8 UK independent share 1.5 1.5 1.6 2.2 1.2 1.9 1.8 2.4 1.6 2.8 1.8 1.6 Source: BFI 02 03 04 05 06 07 08 09 10 11 12 % 0 13


BFI StatisticalYearBook_2014
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