EXCLUSIVE: The average cost of UK-produced drama per hour fell in 2020 for the first time in five years, according to research that spotlights how international revenues are increasingly propping u…
filmed during the period. Factual remained steady at £200,000 per hour, as did entertainment and factual-entertainment, genres that were easier to produce under severe restrictions.predicting 2021 could see £6BN spent on high-end TV drama productions and film, which would be a record.
Meanwhile, the Workshare report spotlighted how revenues from abroad are becoming ever more important for UK producers. Indie revenue from international buyers rose above 40% of overall revenues for the first time, a figure that has more-than doubled in the last eight years and even increased by 4 percentage points during last year’s pandemic-impacted 12 months. Workshare said companies reliant on “domestic funding for production were hit far harder than those able to tap into budgets from international buyers.”
When domestic was also taken into account, overall indie revenues fell by around 17% to £3.4BN , which Workshare described as “nothing short of remarkable” considering the “length and severity of restrictions and slashing of broadcaster budgets.” Half of the £3.4BN was comprised of revenue from distribution, as domestic and international buyers sought to swiftly buy content to replace shows that were unable to film.
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