Times are tough for UK producers, some of whom are working for virtually nothing.
Who would be an independent UK film producer? One statistic that leapt out of ‘The State Of The UK Independent Film Sector’ study recently completed for UK producers’ association Pact by Olsberg Spi was that 78% of the UK producers contacted for the report have had to defer some or all of their fees since 2007. Given they were unlikely to have had much of a share of the ‘backend’ from the profits of their films, this means that, in certain circumstances, they are working for virtually nothing.
Almost equally gloomy was the report’s observation that the international market value for independent UK films has suffered a decline of an estimated 50% since 2007. The report puts this down to digital disruption, increased competition for audiences and the squeeze caused by the global financial crisis of 2007. It concludes the present financial model is “broken”.
Off the back...
Who would be an independent UK film producer? One statistic that leapt out of ‘The State Of The UK Independent Film Sector’ study recently completed for UK producers’ association Pact by Olsberg Spi was that 78% of the UK producers contacted for the report have had to defer some or all of their fees since 2007. Given they were unlikely to have had much of a share of the ‘backend’ from the profits of their films, this means that, in certain circumstances, they are working for virtually nothing.
Almost equally gloomy was the report’s observation that the international market value for independent UK films has suffered a decline of an estimated 50% since 2007. The report puts this down to digital disruption, increased competition for audiences and the squeeze caused by the global financial crisis of 2007. It concludes the present financial model is “broken”.
Off the back...
- 6/2/2017
- by geoffrey@macnab.demon.co.uk (Geoffrey Macnab)
- ScreenDaily
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