Upcoming Trade Shows in UK for Film & Media

The UK film and media industry faces yet another tumultuous year, following an already dire 2023 at the box office. Decisions have to be made, and the government's Culture, Media and Sport (CMS) Committee prepares itself for difficult conversations with industry stakeholders in the first quarter, which will shed light on the most pressing issues facing the sector and possible strategies to navigate the minefield. The fallout from the Hollywood strikes reverberated across the UK film production landscape, effectively bringing all activity to a standstill. While the hiatus presented an opportunity for UK independent producers, the industry’s heavy reliance on US investments left many powerless and unsure about what the future might bring. Thousands of skilled professionals found themselves sidelined, prompting extensive reevaluation within the industry about its vulnerabilities. In response to the industry’s crisis, calls for an enhanced tax credit for UK independent production have gained momentum. Producers, funders and trade bodies have rallied behind the initiative and advocated for a substantial increase to support productions with budgets ranging from £1 million to £15 million. The proposed reforms aim to level the playing field for smaller-budget films and prevent exploitation of the system. The prospect of policy reform remains uncertain, particularly in light of the upcoming general election. With potential changes in government, the Labour Party's stance on supporting the screen industry adds another layer of complexity. As discussions unfold, stakeholders emphasize the need for careful consideration to safeguard the industry’s wellbeing. Beyond tax credit enhancements, submissions to the CMS committee urged for government support to sustain public film funds facing financial strain. Additionally, there are calls for the introduction of levies or investment obligations on US streaming platforms to alleviate pressure on the UK independent film sector. These measures aim to foster a more equitable landscape and ensure the industry’s long-term viability.