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News: General

U.K. Production Booming

Tuesday, February 20, 2018   (0 Comments)
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From The Hollywood Reporter:

A casual glance at this year’s Oscar nominations offers an indicator that Hollywood is in the midst of a love affair with the U.K. But it’s not simply British filmmakers and actors who are proving to be the hottest tickets, with the U.K. itself now a vital — and steadily growing — hub for U.S. film and TV production. Figures released in January from the British Film Institute show that 2017 was the largest year on record for international spending, with film leaping by 23 percent from 2016 to $2.4 billion and TV rocketing 27 percent to $967 million...

Underpinning the dramatic growth is a tasty tax incentives scheme, introduced in 2006, supported by successive governments and now sitting at 25 percent of qualifying expenditure for both film and TV. But tax rebates aren’t a British phenomenon. What the U.K. also boasts are skilled crews; world-class facilities, postproduction and VFX offerings; nearby talent (both in front of and behind the camera — for those who haven’t fled to sunnier Hollywood climes); and, of course, a common language. “It’s a bit of a virtuous circle of love,” says Nicky Earnshaw, Film4’s acting head of production and formerly a Pinewood exec. “The only negativity is that small productions often find it difficult to get into the studios and compete for crews, but nobody’s complaining. It’s a luxurious problem to have!”

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