Bigger and Better British Films
According to The Guardian, the BBC is planning to invest an additional £100m in the production and distribution of British films over the next ten years.
In a move supported by the government, which is planning to write a commitment to backing British film into the corporation’s new charter, the BBC aims to increase both its direct investment in movie making and the money it spends on acquiring UK-produced titles for its TV channels.
At present, the BBC spends an average of £16m per year on making and buying British films. This will go up to £26m from April 2007 and may rise further. The extra investment is part of a new alliance with the UK Film Council to back and promote British movies.
£5m a year will go towards the increasing production budget of BBC Films, raising its annual budget from £10m to £15m per year. Another £5m (and possibly more) will be spent on buying British films for its TV channels, specifically films that can be shown on BBC1 and BBC2.
This is all still dependent of the current licence fee negotiations at the moment.
Wednesday 22 Feb 2006 | Paul | Corporate Maneuverings
