UK Film and TV Production Spending Rebounds to £5.6 Billion in 2024

Despite a decline in domestic broadcaster investment, US streamers and studios drove a 31% recovery from 2023’s strike-impacted figures.

The UK’s combined film and high-end TV production spending reached £5.6 billion in 2024, marking a 31% increase from 2023 but still below the 2022 record of £6.27 billion.
US-based studios and streaming platforms accounted for 86% of total spending, with high-profile projects like 'Deadpool & Wolverine' and 'The Immortal Man' leading the surge in inward investment.
Domestic UK broadcasters, including the BBC and ITV, reduced their spending on high-end TV by 22%, reaching the lowest levels since 2015, excluding the pandemic-affected 2020.
The number of high-end TV and film productions dropped compared to previous years, reflecting a shift toward fewer but higher-budget projects due to rising production costs.
UK independent films saw a resurgence, capturing a 6.9% box office market share, while government support and tax credits are seen as critical to sustaining this growth.