The British film industry is booming

MeN “Good Omens”, A fantasy novel by Terry Pratchett and Neil Gaiman, published in 1990, the angel Azirafare and the devil Crowley set out to thwart Doomsday and save the planet. The 2019 Amazon Studios television adaptation saw a pair of unlikely crosspasses in various locations, including the Garden of Eden, Ancient Rome, Medieval England, Revolutionary France, and Blitz-era London. .. The shooting schedule was similarly tight, with the crew trekking through a series of sets in South Africa and southern England.

Listen to this story

Enjoy more audio and podcasts with iOS Also Android..

Season 2 will have fewer air miles. Production will begin next month, along with another Amazon Studios adaptation of “Anansi Boys” from Mr. Gaiman’s back catalog. Both are shot entirely in Scotland. This decision is a vote of confidence in the UK high-end television industry. According to the British Film Institute, production company spending on this segment increased from £ 1.1 billion ($ 1.5 billion) in 2016-17 to £ 3.5 billion in 2020-21.

The boom is driven by streaming services that demand new content and high production value. With a global language and a rich talent pool, Britain was in a good place to benefit. According to Netflix, the UK is currently the third largest production base after the United States and Canada. It won the production of ume apart from other countries. In August, Amazon announced that the second season of the Lord of the Rings prequel series would be filmed in the United Kingdom 20 years after Middle-earth means New Zealand.

Tax incentives play a major role in the decision of the filmmaker. In the UK, you can charge up to 180% of your actual spending on taxes. And if it causes an overall loss, they can receive 25% of it as cash. In the UK, sweeteners are offered even when global productions do minimal work, such as recording soundtracks. In addition to all this, in October last year the government launched a plan to spend £ 500m to encourage film and television production to resume when the pandemic eases. One producer said the production company was “almost too incentive.” “But that’s great.”

One result is studio scrambling. Some have been reserved for years and new ones are being made. Last month, Hollywood company Sunset Studios said it would spend £ 700m on a new studio in Hertfordshire. Real estate agent John Maddox Light of Savills states that it is currently renting warehouses not only to logistics companies but also to filmmakers.

Demand is rippling from the southeast. This trend is driven by more incentives from local film organizations. Tom Harrisington of research firm Enders Analysis says streaming services are moving to cities where government regulations have long required national broadcasters to create content. Film executives say they’re seeing a shift from a crew that pops up for a week to shoot on location to a completely on-site production. Screen Yorkshire was founded in 2002, but only in 2018, when demand surged, cinemas were needed. Creative Director Caroline Cooper Charles says southeastern congestion gives Yorkshire a competitive advantage: more parking space.

These new studios are often built on old industrial land. First Stage Studios, located in Edinburgh’s Reese Dock, opened last year, was built on the premises of a wave power plant that went bankrupt in 2014. With a £ 1m grant from ScreenScotland, we will soon be hosting “Anansi Boys.” The Belfast Harbor Studio, which opened in 2017 at its former glass bottle factory, has recently been expanded at a cost of £ 45m. The Netflix show “The School for Good and Evil” was filmed there. The 38-acre studio in Digbeth, Birmingham’s industrial area, will be part of a fashionable new media city conveniently located next to a planned stop. HSTwo high-speed rail.

Local politicians want new studios to increase employment as cash flows from movie sets to hotels, catering and restaurants. Game of Thrones contributed more than £ 50m to Northern Ireland’s economy in 2018. Many sets now run apprenticeship programs for local youth. Generous tax cuts mean that new jobs will come to the Treasury at a considerable expense, but at least many of them will be where they are most needed. ■■

This article was published in the UK section of the printed version under the heading “Lights, Cameras, Tax Incentives”.

The British film industry is booming

Source link The British film industry is booming

Back to top button