High end TV production — led by shows such as 'House of the Dragon' and 'Bridgerton' — reached $5.47 billion in the first four quarters since coming out of lockdown in 2020, well more than double the spend for the whole of 2019.
The numbers were revealed at the same time the BFI unveiled a new report, entitled Screen Business, looking at the impact of the U.K.’s much-imitated tax relief incentive system for the years 2017-19.
According to the report, the U.K. tax incentives schemes across film, high-end TV, video games, children’s TV and animation incentivized record levels of production in the U.K, generating £13.48 billion in 2019, increasingly by 23.7 percent over three years and up by 56 percent since 2016. The reliefs have also, according to the report, been behind a record increase in employment across the sectors, rising 20 percent between 2017 and 2019 to 219,000 full-time employees within the U.K., up by 45 percent since 2016.
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