global sales LIFT UK INDEPENDENT
TV REVENUES TO £3.3BN
- Revenues grow 11 per cent since 2018
- International revenues reach £1.25bn
A 30 per cent rise in international sales lifted revenues in the UK independent TV production sector to a record £3.3bn in 2019. International revenues for indendent producers totalled £1.25bn, the first time they have annually exceeded £1bn.
Commissions from international linear TV services rose by £226 million in 2019, accounting for the majority of growth, whilst revenue generated by commissions from SVOD services such as Netflix and Amazon Prime grew again, reaching £337m.
Domestic revenues also reached a new high of £1.94bn, a 3 per cent increase on 2018.
The data was published in the annual independent TV production census commissioned by Pact, the trade association, from the consultancy, Oliver & Ohlbaum.
Commenting on the Pact Census, Pact CEO John McVay, said: “It was only a matter of time for international revenues to break £1 billion. The creativity and talent that the UK indie sector has to offer is world class and British programming has true global appeal.
“Despite the obvious challenges that the sector has faced this year, I am confident that UK indies will weather the storm and continue this international success story”.
Sara Geater, Chair of Pact and All3Media Chief Operating Officer, added: “These record revenues show very clearly that the indie sector has had huge success in 2019, reflecting the importance of our independent TV production sector to the international market. We can look forward to the production levels from UK indies returning to meet the global demand for the high quality, original content that audiences around the world love.”
Read more on Pact website.