UK Creative Media February 2013
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Transcript of UK Creative Media February 2013
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UK Creative MediaFebruary 2013
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Creativity is a UK strength – we design ideas
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• UK Creative Economy = 6% GDP, equivalent to Financial Services
• Creative Industries employ 2.3M people
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Geography• London as key hub
Soho, Studios around M25
• Creative clustersBrighton, Bristol, Cardiff, Dundee, Manchester, Newcastle
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Sectors - Film/Post/VFX• World class talent base, technology driven• Screen services sector c.£2.2Bn, employs 25,000 people across
1,300 companies• VFX Oscar has had UK nominee for 5 of last 6 years
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Value of UK spend on UK feature production 1992 – 2012
19941995
19961997
19981999
20002001
20022003
20042005
20062007
20082009
20102011
20120
200
400
600
800
1000
1200
1400
183 217387
262 214336 337
199 266
733584
307
559 604433
835975 1012
631
6094
172203
175
170 212
180156
228
122
178
157 154
232
249
209 200
224
128.2
158.3
169.2
97.3
110.4 78
51
38.6
69.6 60.2
73.2
Inward Domestic Co-production
6Source: BFI Statistical Yearbook
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Sectors - Animation• Traditional UK strength, recognised brands• £300M industry size – small but influential • High value in secondary exploitation• International in reach & production
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Sectors - Television• UK TV revenues £12.3Bn 2011, £5.5Bn content commissioning• 9 terrestrial broadcasters, 300+ cable channels• 850 independent production companies• International sales c. £1.42Bn, global lead in TV Formats
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Trends• 80% UK under 25’s use a “second screen” whilst watching TV
as running social/shared commentary• Highest global use of mobile internet, high penetration of
tablets• Expansion of digital & catch up – BBC iPlayer, YouTube, Netflix,
LoveFilm
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Key enablers• Skills base – strong talent pool and highly competitive
environment• Creative excellence – UK as recognised innovative & creative
leader• International reach – cultural and economic hub (US / EMEA)
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STOP PRESS – UK Tax Reliefs• UK Government consultation on tax incentives for
Animation, Gaming, TV (high value production) during 2012
• Modelled on successful Film tax relief
“I want the UK to remain a world leader in the creative industries” - George Osborne, UK Chancellor
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UK Tax Reliefs - update
• Film Tax Relief remains (20% >£20M, 25% <£20M)
• High end TV defined as £1M+ per programme hour
• Animation & Games no budget threshold• Level = 25% (tbc) against applicable spend
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UK Tax Reliefs – cultural testPoints system weighting “cultural benefit”:
• content (setting, language story)
• expenditure hubs (production, post, vfx)
• key talent and crew
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UK Tax Reliefs – implementation
• Envisaged implementation April 2013
• More details:www.hm-treasury.gov.uk/consult_creative_sector_tax_reliefs.htm
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Associations & agencies
• PACT – www.pact.co.uk• British Film Commission –
www.britishfilmcommission.org.uk• Film London – www.filmlondon.org.uk• Creative England – www.creativeengland.co.uk• UK Screen – www.ukscreenassociation.co.uk