4. Driving investment and growth in the UK’s TV content industries
The UK is currently the world’s second largest independent television production sector and second biggest exporter of music. It has the largest video games industry in Europe and the fourth largest film market.
PWC’s Entertainment and Media Outlook: 2011-2015 forecasts that global media and entertainment spending is emerging strongly from recession and will rise from $1.4 trillion in 2010 to $1.9 trillion in 2015, growing at a compound annual growth rate (CAGR) of 5.7 per cent. Government wants to enable the UK to build on its current position and take advantage of the substantial growth opportunity globally for UK-based content producers.
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The Government recognises the importance of engaging with industry. Discussion will be used to inform White Paper policy options around any proposed changes to current legislation.
Investment in TV content discussion paper
Please read and comment by 14 September 2012. Your comments will be considered as part of our Communications Review.