In the News

Location of International Production | Weaker Pound Might Prolong the UK Film & TV Industry Boom

Jim Riley

4th October 2022

The UK's booming film and television production industry looks set to benefit from the weaker Pound.

A useful article here from ther Guardian explaining how the weaker Pound makes the UK a more attractive location for investment in film and television content production.

A quote from one media investor in the US helps make the point about how changes in exchange rates can influence the costs of choosing one location over another:

"If you look at the state of the pound versus the dollar, I’d be rubbing my hands together at the prospect of transferring production to the UK"

We learn that the market size for film & TV production in the UK is around £6bn and that, of this total, some £4.77bn was from inward investment from studios overseas.

The weaker pound might help increase the market size to £7.5bn by 2025, according to forecasts in the article.

Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.

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