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Tough Times for UK Indies

July 23rd, 2010

UK Film Council Statistical YearbookThis week the UK Film Council stated that the number of feature films funded in the UK fell from 77 in 2008 to 71 in 2009. The figures were released as part of the Film Council’s first fully-searchable website with comprehensive statistics.

Median budgets for UK domestic feature films also fell from £1.7 million in 2008 to £1.5 million in 2009.

“Overall it’s clear that British cinema has been weathering the global recession well,” said UK Film Council chief executive John Woodward. He added that the sectors of production, distribution and exhibition were “firing on all cylinders”.

For a small country, the UK film industry has an astonishing creative track record. Of the top 200 global box office successes of 2001-2009, 30 films are based on stories and characters created by UK writers, which together have earned more than $16 billion at the worldwide box office.

The UK Film Council report showed that independent UK films were at their most popular in 2009 – both in the UK and global markets – since records began.

As mentioned on the BBC website this week, with the success of films such as Slumdog Millionaire, indie films took 8.2% of the UK and 2.3% of the global market share. Other top performers included Nativity and The Young Victoria.UK Film Council

The Film Council report also showed that British film talent – including actors, writers, directors and crew – continued to shine on the international stage. Some 14% of all major awards won around the world between 2001-2009 were won by British films and talent.

John Woodward commented that, “Low budget independent production is a tough business – it always has been,” noting that figures for the first half of 2010 showed a continuing pressure on smaller film production. The marketplace for financing small and independent films has always been difficult and the recent economic slowdown has not helped the situation, along with world broadcasters paying less for feature films and the slow erosion of the DVD market.

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Posted in: The Weekly Wizard, UK - Film news