International revenues for the UK TV production sector grew by 10 per cent in 2018 as the sector's overall revenues remained stable at just over £3bn.
The annual census for Pact, the industry body for independent TV, film, animation, digital and children's media producers, estimates that since 2012, the industry has increased revenues by £500m or 3.1 per cent a year.
Over the past year, international revenue grew by 20 per cent to £962 million, an increase of over 90 per cent since 2013. This growth was primarily driven by a 28 per cent increase in primary international commission revenues totalling £704 million in 2018.
Domestic TV revenues also rose by 3 per cent to just under £1.9 billion, but remain broadly flat since 2008. This is due to commissioning spend by Public Service Broadcasters falling annually while commissioning spend from multichannels continues to grow (up by £62 million to £321 million), more than doubling since 2008 (£321 million compared with £158 million).
Pact Chair Sara Geater said: “These figures show that despite the challenges that indies face domestically, there is still a huge international market looking for quality British content. Indies large and small should make use of Pact’s fantastic resources, such as the Export Accelerator, to ensure they are taking advantage of all of the international opportunities available to them.”
The survey was conducted by Oliver & Ohlbaum Associates for Pact.