Indie production revenue tops £2bn
Wednesday, February 20 2008, 15:14 GMT
Revenue for independent production companies in the UK last year topped £2bn for the first time, according to sector association PACT.
The £2.14bn total was an increase of nearly 10% on £1.95bn in 2006.
PACT's Independent Production Census for the year, released today, said there was "sustained and significant growth" in proceeds from multichannel commissions. They totalled £240m and 89% of that was from BSkyB, Discovery, Virgin Media and UKTV.
There was also increased spending from the BBC and ITV but Channel 4 and Five spent less than in the previous two years. Revenue from new media production also dropped from £42m to £39m after a rapid growth in 2006.
Consolidation of producers continued, PACT reported, meaning 43% of revenue came from the so-called super indies - All3Media, IMG, Fremantle, Hit Entertainment and Endemol.
Non-UK sales amounted to £310m. Of that 84% was to the US and the best-selling global genre was factual.