A Bigger Future report - BFI - British Film Institute

THE UK FILM INDUSTRY – A FAST-GROWING INDUSTRY IN
AN EXPANDING GLOBAL MARKET
• PriceWaterhouseCoopers estimates that global spending on filmed
entertainment at cinemas and on DVD/Video will rise at a compound
annual rate of 6.3%, reaching £53.9 billion in 2007 up from £39.9 billion
in 2002. (Table one)
• In Europe alone, PWC estimates that spending on filmed entertainment will
increase to £13.6 billion in 2007 from £9.9 billion in 2002, a rise of 38%.
• Total global theatrical revenues for all films are now estimated to be in the
region of £13.5 billion a year.
• Worldwide consumer spending on video/DVD software is now in excess of
£15.5 billion a year. Twenty years ago, this market barely existed.
(Table two)
• Screen Digest has estimated that consumer spending on Video/DVD
software in Europe will double from 2001 to 2006, reaching £11.1 billion by
the end of that period.
• There were over a billion visits to UK cinemas between 1995 and 2002.
There were 176 million cinema admissions in the UK in 2002. (Table three)
• There are now over 3,000 screens in the UK supporting 400-450 film
releases a year. In 1984 there were just 1,275 screens in the UK.
• In 2002, the British Videogram Association estimates that the British video
industry overtook the music business in terms of retail sales. The total value
of the UK’s video/DVD rental and retail business rose to £2.55 billion in
2002, a rise of 26%.
• Inward investment in the UK film production sector was worth £234m in
2002, over three times the level ten years earlier.
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