{"id":7187,"date":"2016-11-10T11:16:21","date_gmt":"2016-11-10T16:16:21","guid":{"rendered":"http:\/\/worldscreen.com\/tveurope\/u-k-indie-tv-production-sector-worth-nearly-3-billion\/"},"modified":"2016-11-10T11:16:21","modified_gmt":"2016-11-10T16:16:21","slug":"u-k-indie-tv-production-sector-brings-in-nearly-3-billion","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tveurope\/2016\/11\/10\/u-k-indie-tv-production-sector-brings-in-nearly-3-billion\/","title":{"rendered":"U.K. Indie TV Production Sector Brings In Nearly \u00a33 Billion"},"content":{"rendered":"

LONDON: The U.K.’s independent television production sector is now worth just short of \u00a33 billion ($3.73 billion) to the U.K. economy, rebounding from the decline the industry saw in 2014.<\/p>\n

According to Pact, international rights income grew from \u00a393 million ($115.6 million) in 2014 to \u00a3152 million ($187.7 million) in 2015, while overseas primary commissions grew from \u00a3599 million ($744.5 million) to \u00a3697 million ($1.2 billion). Overall, international TV revenues account for a 13.4 percent increase on 2014 and contribute more than a third of all revenue.<\/p>\n

The largest proportion of new commissions in 2015 came from multichannel groups\u201462 percent compared with 38 percent returning series). The BBC and Channel 4, with their larger commissioning budgets, still lead in overall spend on new commissions\u2014collectively accounting for 61 percent of total spend on new commissions.<\/p>\n

Pact reports a noticeable shift in genre commissioning in 2015, with factual entertainment\u2019s share of spend increasing by 49 percent year-on-year, while entertainment decreased by 23 percent.<\/p>\n

John McVay, the chief executive of Pact, said: “It\u2019s great to see that revenues have bounced back in one of the U.K.\u2019s leading creative industries and that it is international growth that is driving this success.<\/p>\n

\u201cThe world is watching British TV and international commissioners know that they are buying quality when they buy British.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

LONDON: The U.K.’s independent television production sector is now worth just short of \u00a33 billion ($3.73 billion) to the U.K. economy, rebounding from the decline the industry saw in 2014.<\/p>\n","protected":false},"author":350,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-7187","post","type-post","status-publish","format-standard","","category-top-stories"],"yoast_head":"\nU.K. Indie TV Production Sector Brings In Nearly \u00a33 Billion - TVEUROPE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/worldscreen.com\/tveurope\/2016\/11\/10\/u-k-indie-tv-production-sector-brings-in-nearly-3-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.K. Indie TV Production Sector Brings In Nearly \u00a33 Billion - 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