The boom in activity by streamers and studios is having a damaging impact on the local film industry, which can't compete when it comes to rising production costs and securing cast and crew, the new report claims.
Film and TV production in the U.K. is currently at an all-time high, surpassing $7.6 billion last year.
But the ongoing boom — propelled by streamers and studios — doesn’t mean it’s been good news for local independent films. In fact, according to a new report, the explosive growth in the U.K.’s screen industries is actually having a damaging impact on the independent film sector, the viability of which it claims is “inhibited to the point of market failure.”
An Economic Review of U.K. Independent Film, undertaken by independent research company Alma Economics and published by the British Film Institute, lays out the stark realities for the sector.
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