Northern Alliance - BFI
Northern Alliance - BFI
Northern Alliance - BFI
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target audience consists of the various stakeholders in the film industry – agents,<br />
talent scouts, producers, financiers and filmmakers themselves.<br />
2.4 Returns to investors<br />
Little data is published, but where figures are available they tend to show a very low<br />
rate of return on short films, typically less than 5% (see Appendix VI for an overview<br />
of the economics of short film). Given the almost certain losses facing investors, it is<br />
extremely difficult to raise private funding for the production of short films.<br />
Investment in the production of short films can, for the time being at least, only be<br />
rationalised in terms of the secondary benefits accruing to the investors, such as<br />
building a relationship with a talented individual or helping to refresh the gene pool<br />
of the industry.<br />
2.5 Filmmaking<br />
Short films are made by people ranging from amateurs and film students to<br />
seasoned professionals, with practitioners often crossing between short film<br />
production and making commercials and music videos.<br />
There is no reliable data on the total number of short films made in the UK each year<br />
outside the NCF schemes. However, we estimate that over 2,000 7 short films are<br />
made in the UK each year. Of these around 150 8 are financed 9 by the public sector<br />
(principally by the UK Film Council) and around 1,800 10 are made in the context of<br />
7 Exactly what constitutes a short film in the YouTube era is open to debate. This estimate is<br />
derived from an average of the total number of shorts recognised by the Edinburgh International Film<br />
Festival's Film UK Guide over the last three years (2006/07-2008/09 = 303), together with an internal<br />
estimate of 1,794 credible 'first class' graduation films, taken from information provided by Skillset.<br />
8 Average number of strategic partner-funded films for corresponding time period (2006/07;<br />
2007/08; 2008/09), Source: strategic partner questionnaire, see Appendix XXI for details.<br />
9 Typically, the production budgets of UK short films range from virtually nothing to £50,000.<br />
Only very occasionally do short films cost more than this.<br />
10 Source: an estimate, using the volume of short films produced by Skillset‟s screen academies<br />
as the basis to further estimate the number of short films made throughout tertiary education more<br />
generally. Please note that while the former can be estimated with a reasonable degree of accuracy,<br />
the latter is much more subjective. The Film UK Guide estimates exclude documentary and animation,<br />
so the overall total of short films could be higher; at the same time, there is almost certainly an<br />
overlap of student films in the guide which would counterbalance this. The figure of 2,000 seems<br />
likely to indicate the volume of short films made with the serious intention of progressing to a career<br />
in feature filmmaking.<br />
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