Guardian Article Summary

  • Hollywood blockbusters and the progression of TV drama series are putting strains on low budget smaller films. 
  •  UK films costing from £500,000 to about £30m to make, fell from 77 to 60 between 2014 and 2015. This is the lowest number made since 2006, according to annual figures published by the British Film Institute (BFI).
  • Hollywood blockbusters made in the UK, such as Star Wars: The Last Jedi, and Alien: Covenant, which account for the lion’s share of the £1.6bn feature film market with just under 20 films produced in 2015.
  • Films from the major studios take more than 90% of the box office. This leaves about 650 films in the US chasing 9% of the box office.
  • Pressure is being ramped on big-budget drama flooding TV, typified by shows such as Netflix’s £100m co-production The Crown. In the US the number of scripted shows being made annually has more than doubled since 2010 to more than 500 this year; Netflix recently revealed it has 90 original productions under way in Europe alone and Sky has 80. Traditional broadcasters such as ITV and the BBC have upped their game with huge hits such as Broadchurch and Line of Duty.
  • “There is not a lot of difference between high-end TV and many films these days,” says Richard Johnston. “Most drama now is a minimum of £1m an episode and the quality and the experience is very high. And the way the market has changed means that is where a lot of the money and funding now is.”
: https://www.theguardian.com/film/2017/may/31/hollywood-and-tv-put-the-squeeze-on-uks-low-budget-film-makers



This task was to read an article from the Guardian about how it is becoming harder for low budget films to come into fruition and be a success so a lot of directors and producers are moving to TV dramas because that is where all the money is currently due to the success of Netflix and sky originals.

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