uk creative media february 2013 1. creativity is a uk strength – we design ideas
TRANSCRIPT
UK Creative MediaFebruary 2013
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Creativity is a UK strength – we design ideas
• UK Creative Economy = 6% GDP, equivalent to Financial Services
• Creative Industries employ 2.3M people
Geography
• London as key hubSoho, Studios around M25
• Creative clustersBrighton, Bristol, Cardiff, Dundee, Manchester, Newcastle
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
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
172
203175
170 212
180156
228
122
178
157154
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
Sectors - Animation
• Traditional UK strength, recognised brands• £300M industry size – small but influential • High value in secondary exploitation• International in reach & production
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
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
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 test
Points system weighting “cultural benefit”:
• content (setting, language story)
• expenditure hubs (production, post, vfx)
• key talent and crew
14 14
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
