Tuesday 29 October 2024

Advanced Television; Survey: Film & TV industry has government budget concerns

Story from Advanced Television:

Specialist film and TV PR consultancy Percy & Warren has revealed the findings of its pre-budget survey of UK film and television producers. Across the sector there is concern and uncertainty mixed in with a degree of hope for the future for the production industry ahead of the October 30th budget.

The survey results shed light on the industry’s outlook for 2025, key areas that require urgent support, and the specific challenges companies face and opportunities for growth in the upcoming year.

According to the Percy & Warren survey, 69 per cent of respondents said they were not confident that the government’s budget would support the UK’s film and TV sector, with only 8 per cent feeling confident in its potential benefits. Despite this caution, 54 per cent of producers believe the industry will see growth in 2025. Over two-thirds (69 per cent) of respondents plan to invest in their growth for their companies next year, underscoring the industry’s resilience and commitment to development even amid challenges.

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