×

Commissioning Boost Sees U.K. Indie TV Sector Grow By 14%

Biggest increase in indie revenues in past decade

Revenues for Blighty’s indie TV production sector have soared by 14% to £2.8 billion ($4.2 billion), according to a report from U.K. producers’ body Pact.

In an annual census, Pact found that the sector’s overall growth during 2012 repped the biggest annual increase for indie revenues since the body first commissioned a financial census in 2004.

It said that a key factor in this boost was down to domestic commissioners increasing investment by about $456.7 million last year, which comes after four years of spending reductions in the territory.

The domestic commissions included more spending with smaller indies by the BBC and Channel 4.

Additionally, the report found that many smaller companies have improved their profit margins and on average, indies with revenue of less than $14.9 million have improved their profitability and also have a greater share of the overall sector.

Smaller indies with revenue of less than $1.48 million, grew their share of sector revenues from 1.1% to 5%.

“Our independent sector is stronger economically than it has ever been,” said Debbie Manners, chair of Pact and m.d. of Keo Films. “Revenues are at a record high, encouraged by a U.K. broadcast ecology that is a catalyst for growth and entrepreneurialism.

“Our productions are in demand the world over, borne out by year-on-year increases in international revenues.”

Pact chief exec John McVay added: “There are encouraging findings in the new Pact census, especially in the rebalancing of revenue sources for indies. Companies have been smart to embrace international markets, but domestic investment in indies’ content is vital.

“The top line figures show strong growth and there are success stories for many indies. But it remains a tough and competitive market and there is no room for complacency in the independent productions sector.”

Additional findings in the report found that primary U.K. commissions rose 19% to $2.23 billion and annual revenues grew more than $1.48 billion since 2004 while international revenues grew more than 6% to $1.1 billion.

Oliver & Ohlbaum Associates compiled the report with data from surveys of 60 indie companies.

More TV

  • "The Curse of Cleopatra - Parts

    'Blood & Treasure' Renewed for Season 2 at CBS

    The CBS summer adventure series “Blood & Treasure” has been renewed for a second season. In the series, Danny McNamara (Matt Barr) is a former FBI agent specializing in stolen arts and antiquities. Lexi Vaziri (Sofia Pernas) is a resourceful art thief who is haunted by the tragic loss of her father, which she blames [...]

  • Side-Games-1

    Spectrum Originals Picks up Soccer Drama ‘Side Games’ for U.S. Distribution

    Charter Communications’ OTT service Spectrum Originals has reached a deal with Spain’s The Mediapro Studio for the U.S. rights to its popular series “Todo por el Juego,” (“Side Games”). The series will debut in the States on July 15. The Mediapro Studio produced the series, which was developed by popular Argentine screenwriter Eduardo Sacheri, a [...]

  • Mary J Blige Walk of Fame

    Mary J. Blige Inks First-Look TV Deal With Lionsgate

    Mary J. Blige has signed an exclusive first-look television deal with Lionsgate. Under the pact, Blige and her newly-launched Blue Butterfly productions will develop and produce TV series for the studio. The singer-actress will also have the opportunity to create content across Lionsgate’s various business platforms. “Mary is a very talented artist, fearless visionary and an [...]

  • Discovery Names Andrew Georgiou Eurosport and

    Discovery Taps Andrew Georgiou as Eurosport and Sports Rights Boss

    Andrew Georgiou has been appointed president of Discovery-owned Eurosport. The sports channels and streaming service has been without a chief since Peter Hutton left for Facebook. Georgiou assumes a wider role than Hutton, running Eurosport as well as overseeing sports rights and marketing across Discovery. It has been moving aggressively into the sports sector, licensing [...]

  • Joe Biden SXSW

    As Democrats Debate, TV News Tunes In Something Other Than Trump

    NBC News’ “Meet the Press” and CBS News’ “Face The Nation” regularly compete for Sunday-morning audiences and scoops from politicos. But this past weekend they looked nothing like one another. On NBC, President Donald Trump dominated the hour by sitting down for a taped interview with host Chuck Todd. Over at CBS, “Nation” moderator Margaret [...]

  • Myst Computer Game

    'Myst' Film and TV Rights Sell to Village Roadshow

    “Myst,” the influential video game that helped usher in the CD-ROM era, may inspire an ambitious multi-platform film and television universe. Village Roadshow Entertainment Group, the co-producer and co-financier of the “Matrix” and “Sherlock Holmes” franchises, has acquired the rights to the first-person graphic adventure. For those born post-90s, “Myst” was wildly popular and hailed [...]

  • FOX Entertainment Logo © FOX 2019

    Fox Orders Holiday Event Series 'A Moody Christmas' Based on Australian Comedy

    Fox is moving forward with its long-gestating American adaptation of the Australian comedy miniseries “A Moody Christmas” as a holiday event series, Variety has learned. The single-cam comedy follows Dan Moody as he returns home to spend Christmas with his dysfunctional family. When he arrives, he’s met with the inevitable madness of a family whose [...]

More From Our Brands

Access exclusive content