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BFI StatisticalYearBook_2014

2013 – the year in review The importance of the UK as a global centre of production for the screen industries was confirmed in 2013 with an increase in international production activity. The success of the film tax relief in driving inward investment and economic growth was further recognised by the government when new reliefs were introduced for high-end television and animation. The UK film industry is a valuable part of the British economy and has doubled its GDP in the past 20 years in real terms, contributing £2.9 billion in 2012. In the same year, the industry exported £1.3 billion worth of services generating a trade surplus of £789 million. The current expansion of UK infrastructure to meet rising demand at studios such as Pinewood and Leavesden, and the investment in Twickenham which celebrated its centenary in 2013, will create further opportunities for UK talent. In the international market in 2013, UK films earned just over 11% of global box office receipts ($4.1 billion). Fast & Furious 6 was the top grossing UK film worldwide with earnings of $788 million, while Red 2 was the top grossing independent UK film with earnings of $142 million. Data became available for the first time on the performance of British films in China and Russia, showing UK films had a market share of 8% and 12% respectively, earning $266 million and 5,203 million rubles ($164 million). The UK remains the third largest consumer market for filmed entertainment in the world, and is predicted to overtake Japan by 2018. In 2013, it generated revenues in excess of £4 billion. At the UK box office, in 2013 revenues exceeded £1 billion for the third year in succession, based on 165.5 million cinema admissions. Some 698 films were released at the cinema for a week or more, an increase of 51 (7%) on 2012. The highest earning film of the year was Despicable Me 2 which grossed over £47 million. Key UK successes at the box office were Les Misérables (£41 million), Gravity (£31 million) and Fast & Furious 6 (£25 million). The top UK independent films at the box office were Philomena (£11 million) and Rush (£10 million). 8 – BFI Statistical Yearbook 2014 For the first time, animation was the UK’s favourite genre grossing 21% of box office receipts from 5% of releases, while action was the top genre for UK films. A total of 446 specialised films were released in the UK in 2013, earning almost £110 million (9.5% of the box office). Forty per cent of these were foreign language films, the highest earning of which was a Hindi film, Dhoom: 3, which grossed £2.7 million. Dhoom: 3 became the first Indian language film to appear in the list of all time top 10 foreign language films at the UK box office, and was the first new entry in the chart since 2007. Data from 2013 revealed once again that UK films appeal to all demographic groups, and that this increases with age. From the releases of One Direction: This Is Us where half the audience was aged 7-14, to Quartet, where 87% of the audience was aged 55 and over, successful UK films were well-targeted at individual age groups. Turning to other platforms, in 2013 there were over 3.4 billion viewings of films on television while the estimated value of feature film to UK broadcasters increased from approximately £1.5 billion to £1.6 billion. Another animated film Up was the year’s most popular film on television attracting an audience of 7.9 million viewers (12% of the UK population) to BBC One on New Year’s Day. The most popular independent UK film was The King’s Speech, which aired on Channel 4, with 2.9 million viewers. 2013 was a turning point for the growth of the UK digital video market as a whole, where for the first time in recent years the combined physical video and Video on Demand market increased in value, but this did not apply to film. The film video market decreased slightly but by a smaller amount than previous years, and the signs are that 2014 will be the year that the digital film video market grows. Feature film video sales and rentals in the UK generated just over £1.1 billion in 2013, while film revenues from on-demand services reached £323 million. The value of on-demand services grew by 37% compared with 2012 to account for 8% of total film revenues. Although aggregate estimates of this market point to significant growth, our UK cinema admissions 165.5m UK box office £1.1bn


BFI StatisticalYearBook_2014
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