British TV Industry in Free Fall: International Co-Productions Hit Rock Bottom

British TV drama executives have been panicking about a sharp fall in high-end international co-productions, and the latest data from the British Film Institute (BFI) confirms their worst fears. Despite a 31% increase in overall investment in the UK film and TV sector, reaching a record £5.6B ($7B) after the 2023 strikes, the number of international co-productions has plummeted.

The BFI's annual health check on the UK film and TV sector provides a mixed picture, with the headline figure suggesting a thriving industry. However, a closer look at the data reveals a more nuanced story. The decline in international co-productions is a significant concern, as these projects are often high-end and bring in substantial investment and talent from around the world.

The panic among British TV drama executives is understandable, given the importance of international co-productions to the sector. These projects not only bring in much-needed funding but also provide opportunities for British talent to work with international partners, sharing ideas and expertise. The decline in these co-productions could have long-term consequences for the industry, including a reduction in the quality and diversity of programming.

The reasons behind the decline in international co-productions are complex and multifaceted. The 2023 strikes, which affected the film and TV sector, may have played a role, as well as changes in global market trends and shifting priorities among international partners. However, the BFI data suggests that the decline is more than just a temporary blip, and that the British TV industry needs to take urgent action to address the crisis.

So what can be done to address the decline in international co-productions? One possible solution is for the British government to provide more support for the sector, including funding and incentives for international partnerships. Additionally, the industry itself needs to be more proactive in seeking out new opportunities and partnerships, and in promoting the benefits of working with British talent and production companies.

The BFI data provides a timely reminder of the challenges facing the British TV industry, and the need for urgent action to address the decline in international co-productions. As the industry looks to the future, it is clear that something needs to change, and that a new approach is required to restore the sector to its former glory. The question is, what will that approach look like, and how will the industry respond to the challenges ahead?