The latest edition of Pact's annual TV Production Census has revealed that revenues have nearly returned to pre-Covid levels, growing by 13 percent in 2021 to £3.25 billion ($3.7 billion).
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While library sales and deals with streaming services increased, overall sales of British TV exports slipped by 3.3 percent to £1.4 billion ($1.9 billion) in 2020-21, according to Pact's TV Exports report.
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Pact’s John McVay, Remarkable’s Susan King, Top Gear executive producer Clare Pizey and ITV’s John Whiston weighed in on the logistics of resuming production in the U.K. following the COVID-19 shutdown in a webinar organized by the Royal Television Society (RTS).
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According to the latest Pact UK TV Exports report, TV exports from Britain reached a record high of £1.4 billion ($1.8 billion) in 2018-19, a 7-percent increase on the prior-year period.
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According to the 2019 Pact UK Television Census, Britain's independent TV production sector saw more than £3 billion ($3.7 billion) in revenues last year, their highest level to date and up over 40 percent since 2008.
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Channel 4 has released its 2018 financials, showing improved revenues of £975 million ($1.2 billion), and has announced a new Terms of Trade agreement with Pact to ensure that both organizations are "fit for purpose to operate in the digital era," Chief Executive Alex Mahon said.
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The Producers Alliance for Cinema and Television (Pact) has unveiled a new strategic initiative to support the U.K.’s independent TV production sector as it opens its Nations and Regions HQ in Leeds.
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