UK Film Industry in 2007 Essay Example | Topics and Well Written Essays - 1000 words

UK pip attention in 2007 - Essay Example2. Weaknesses - Funding is the most pressing problem in production. near companies rely on public funding which is very limited. Distribution as a means to hug costs and acquire profit is non significantly considered. What happens is, initially, rights are often pre-sold in order to dismount the spud made resulting to no proportionate rewards for the producers in the event of a success (Is There a British painting assiduity). Thus, UK films may be a success at the box office, but comminuted of the revenue reaches the producer and the net profit is too minimal to re-invest into another production (UK Film Industry Structure). Continuing the cycle is very difficult3. Opportunities - The opportunity to become the second largest producer of films, after the U.S. is outdoors for the UK Film Industry to take on as a challenge. The chance is there primarily because of the talents pool or the expertise, the technology or the facilities, the English language, the worldwide economic positioning of the country and the private investment prospects for the Industry.4. Threats - Film Piracy takes away earnings of producers which hinders production of more movies. Another threat is not keeping up with the Global Market. Policies on Global Distribution to generate funds for production should be highlighted. Otherwise, the Industry will not be able to keep up with other Film Industries.B. The arrangement Sector1. Strengths - Exhibition Facilities are ample and technology used is of high caliber. There are currently over 2,000 cinema screens in the UK as compared with 1,800 in Japan but 4,500 in France (UK Film Industry Structure).2. Weaknesses - This sector is not getting enough support and encouragement from the government and the public sectors. The role of scattering and exhibition has been given insufficient attention in that there have been times when more recreate and a wider availability of British films were more evident in the major cities of other countries, like Paris, than in Britain (Harvey and Dickinson). 3. Opportunities - To gain economic viability, Cinemas need not be biased in favor of unknown films oddly U.S. films, but instead maintain a balance of locally made and foreign films to be shown. This could be realized by more media exposure of locally made films, public education, and government support by incentives.4. Threats - Film Piracy is again a major threat to the exhibition sector because it lessens theatre or cinema attendance, thus affecting company earnings. Another threat is the total dependence of this sector to foreign movies. If efforts are not made to support the showing of locally made films in cinemas, it could eventually necessitate to a domination of foreign films and a loss of a national identity in the film industry. AnalysisThere is no doubt that the Film Industry has a great impact on the UK economy. A 2005 Oxford Economic Forecasting Report on the econom ic contribution of the UK film industry showed that the UK Film Industry in 2004 directly employed 31,000 people and supported a total of 97,500 jobs, contributed 3.1 billion to UK gross domestic product and around 850 one thousand million to the Exchequer, put in 800 million to the UK economy via the boost to tourism, and added over 300 million to the turnover of the video/DVD retail and rental