LONDON — BBC Films, recently restructured following the departure of long-time head David M. Thompson, is to receive an extra £2 million ($4 million) a year.
This brings the outfit’s total annual budget for developing and producing pics to $24 million and will take effect from the next financial year.
The additional investment falls considerably short of the additional $10 million originally earmarked for BBC Films, made prior to a lower than expected hike to the BBC license fee.
BBC Vision topper Jana Bennett described the move as “a modest increase.”
The additional funding excludes $2 million a year ring-fenced for the acquisition of British films.
Bennett added: “The extra money is a very positive endorsement of the British film industry.”
She was speaking as the BBC revealed details of a six-year plan involving the lost of 2,500 posts and which will see around $200 million a year less spent on commissioning domestic TV shows.
A BBC spokesman added, “Although this less than we’d hoped for, it is still an increase of 20%, reflecting our firm commitment to U.K. film production.”