Overview

• The government formally rejected the Culture, Media and Sport Committee’s recommendation for a 5 percent levy on streaming platforms to fund British high-end drama.
• Multiple other proposals were declined, including tax relief on advertising costs, mandatory regional spending benchmarks and rejoining Creative Europe.
• UK production spending reached £5.6 billion in 2024, with £4.8 billion provided by inward investment and co-productions from streamers.
• Ministers highlighted that major productions such as Barbie and Bridgerton contributed £80 million and £275 million respectively to the UK economy.
• Instead of new levies, the response expanded the Screen Growth Package, increased the Global Screen Fund from £7 million to £18 million and appointed sector champions for creative freelancers and AI regulation.