International revenues grow for stable TV sector
International revenues for the UK TV production sector grew by 5.3 per cent in 2016 as the sector's overall revenues remained stable at just over £2.5bn.
The annual census for Pact, the industry body for independent TV, film, animation, digital and chidlren's media producers, estimates that overall revenues for UK production experienced about 3.3 per cent compound annual growth between 2010 and 2016.
While domestic revenues - from primary UK commissioning and UK rights income - declined, this was countered by increasing international business.
Revenues from primary international commissions grew 9 per cent from £430m to £468m during the period, although sales of UK finished programmes and international rights income remained flat. UK content rights revenues were stable at £335m.
Across the UK, over a third of primary commissions were made outside London, and about a third of direct employment was also outside the capital. The North-West and Scotland remain the main hubs.
The survey was conducted by Oliver & Ohlbaum Associates for Pact.
Published: 8 September, 2017.