The high-end drama tax breaks have helped attract £150m of foreign investment in the UK industry, according to the latest figures from the British Film Institute (BFI).
A total of £233m ($383m) was invested by both British and overseas companies in drama productions during the first nine months of 2013 following the launch of the government’s tax relief scheme.
CBS’ Elementary and HBO’s Game Of Thrones and Veep were among the 31 qualifying shows, with the £150m ($247m) foreign investment accounting for 64% of the total spend.
The findings have emerged following a panel debate held at BAFTA to discuss the impact of the fledgling financial credit.
Carnival Films managing director Gareth Neame pointed to the growing number of content distribution platforms as driving the global appetite for UK drama.
“It is a golden age in my opinion. Three years ago there was a barrier across the Atlantic. There are no barriers at all now,” he said.
“Platforms...
A total of £233m ($383m) was invested by both British and overseas companies in drama productions during the first nine months of 2013 following the launch of the government’s tax relief scheme.
CBS’ Elementary and HBO’s Game Of Thrones and Veep were among the 31 qualifying shows, with the £150m ($247m) foreign investment accounting for 64% of the total spend.
The findings have emerged following a panel debate held at BAFTA to discuss the impact of the fledgling financial credit.
Carnival Films managing director Gareth Neame pointed to the growing number of content distribution platforms as driving the global appetite for UK drama.
“It is a golden age in my opinion. Three years ago there was a barrier across the Atlantic. There are no barriers at all now,” he said.
“Platforms...
- 1/31/2014
- by andreas.wiseman@screendaily.com (Andreas Wiseman)
- ScreenDaily
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