Monday, August 22, 2011
U.K. TV indies up foreign biz by 34%
LONDON -- Overseas revenues for U.K. indie TV production companies increased by 34% this past year, based on figures released Monday by local producers' org Pact. Foreign revenues are of accelerating importance towards the sector. The shingles produced 590 million ($973 million) from outdoors the U.K this year, which means 25% from the sector's total revenues, in comparison with 20% the year before. Worldwide sales of finished programs rose from $115 million to $143 million, and worldwide commissions from overseas tv stations rose from $488 million to $660 million. Within the U.K., growth was flat, because the BBC and Funnel 5 reduce home-grown fare. PACT Boss John McVay stated: "The U.K. indie sector has once more demonstrated itself skilled at finding and taking advantage of new possibilities and overseas marketplaces to ensure that it could deliver growth despite a set domestic marketplace for content." The figures were released in PACT's 2011 Census created by working as a consultant Oliver and Ohlbaum Affiliates. Contact the range newsroom at news@variety.com
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