U.K. Film, TV Production Spend in 2022 Hits Record High (Again)
Film spending leaps 27 percent in 2021, while TV is almost $2.5 million higher than pre-pandemic levels.
The U.K.’s production boom has soared to record levels once again.
According to the British Film Institute, spend on film and high-end TV production in 2022 reached in excess of £6.27 billion ($7.72 billion), north of the already record-breaking £5.64 billion in 2021.
While in previous years it’s been high-end TV leading the charge, this time it was film making the biggest jump, leaping more than 27 percent on 2021 to £1.97 billion ($2.45 billion) with help from major studio productions including Barbie, Mickey7, Civil War, Kraven the Hunter and Meg 2: The Trench.
Read more here: https://www.hollywoodreporter.com/movies/movie-news/uk-film-tv-production-spend-2022-record-bfi-1235316130/