Total UK television production sector revenues fell by £392 million (€463.9m), down 8.4 per cent, to £3.61 billion in 2023, the 2024 edition of the annual Pact Census reveals. This decline is especially compounded when high inflation is taken into account, however total revenues remained well above pre-pandemic levels. A number of factors including smaller […]
Sky Up Academy Studios Elstree has launched, opening the doors to thousands of students each year who will get the chance to see behind the curtain and witness a working film and TV studio. Its location in Sky Studios Elstree makes it the first facility of its kind to be opened in an operational film […]
Total spending on European original works (excluding news and sports rights) amounted to €22 billion in 2023, reflecting a slower growth after the post-pandemic rebound, according to the European Audiovisual Observatory. For the purpose of the report, titled Audiovisual services spending on original European content, Europe refers to EU27, Albania, Armenia, Bosnia and Herzegovina, Iceland, […]
Sony Corp is taking a major bet on a multibillion-dollar push into producing more original content, as part of a “creation shift” it says should bring it a greater share of the $3 trillion entertainment industry. Chief executive Kenichiro Yoshida told the FT that Sony needed to shift its focus from distribution to the creation […]
US-based Filmustage, an AI platform that enhances the film pre-production phase, has announced a $1.5 million (€1.37m) seed funding round led by UK-based VC fund Raw Ventures with US-based Geek Ventures among other investors. Filmustage reduces the time and effort required for manual breakdowns by 90 per cent, allowing production teams to operate more efficiently. […]
Grass Valley, a specialist in live production solutions, has announced a new, multimillion-dollar strategic partnership agreement with Diversified, a technology solutions provider. Grass Valley says it will now leverage Diversified’s extensive integration and services expertise to enhance its offerings and deliver comprehensive solutions to broadcasters, content creators and media organisations. Tim Banks, Chief Revenue Officer […]
Vizrt, a specialist in real-time graphics and live production for content creators, has announced several new senior appointments which aim to enhance customer security, experience, and its channel business. Having invested heavily in growing the capabilities and competences of its IT team, Vizrt is expanding its security offering and introducing enhanced customer and partner portals […]
Since 2021, Netflix has committed to two near-term climate targets aimed at halving its carbon emissions by 2030 and, starting in 2022, matching remaining emissions by investing in natural climate solutions. Three years in, the streaming service reports that it is on track to meet both. In a blog post Emma Stewart, Netflix Sustainability Officer, […]
See-Saw Films has announced that BAFTA-winning producer Lisa Gilchrist will be joining the UK and Australia based operation, working as part of the growing team of Executive Producers in the London office. See-Saw also announces the hiring of Executive Producer Luke Franklin who has been consulting for the company for the last year, and Ana […]
New figures estimate that £9.5 billion (€11.2bn) of investment in London is expected to be generated over the next five years as a result of Film London support for film, TV and animation production. This in turn would add over £1 billion in additional GVA for London over the same five-year period to 2028-29. Coinciding […]