Pact proclaims priorities for UK indies
Editor | 02-11-2012
Pact, the UK trade association representing and promoting the commercial interests of independent feature film, TV, digital, children's and animation media companies, has published its new manifesto, setting out its priorities for 2013.
The UK independent production sector claims to be the largest exporter of television formats in the world. In 2011, revenues from the international sale of British TV programmes and associated activities rose by 9% from the previous year to a total of nearly £1.5 billion.
Pact says the emphasis is on formats which can be sold to be remade rather than selling the original finished show. The USA is the largest export market for UK television programmes, but other markets are becoming increasingly important for British TV exports which the association regards as an increasingly important revenue stream for independent producers and a crucial way of helping to address the shortfall in UK programming budgets.
Launched during a UK Parliamentary reception in the Palace of Westminster, the new Pact Manifesto has four key priorities, namely efficientmarkets, internationaltrade, innovation and social responsibility.
Commenting on what is hoped to be achieved, Debbie Manners Chair, Pact Council and Managing Director of Keo Films, said: Pact exists to look after independent producers' interests. We are here to help shape and support the development of the UK market and expand overseas business so that independent producers can grow.
"This new manifesto identifies core principles which will help promote and facilitate growth in the UK independent production sector. As the chief executive of an independent production company myself, I'm confident that this represents good strategy. Pact has played a major part in the success of the independent sector, paving the way for greater commercial freedoms with well-established terms of trade following the 2003 Communications Act. Looking forward, production companies have embraced technological change and new platforms – they are finding new ways to do business. The independent sector now sees opportunities wherever it looks.”