Is the UK's Film Industry good or bad?

                     Is the UK's Film Industry good or bad?

Britain’s film industry has mixed opinions by certain people, some believe that Britain’s film industry is good at producing great movies and money; however some people believe it is not producing enough movies and the quality of the movies that are being produced are not to a high standard compared to the Hollywood movies for example.

                  Firstly, some people believe that Britain’s film industry is failing as there is strikingly low budgets, the production spend has gone down by 22% to £176m. In the film industry to produce great movies you have to spend a lot of money, compared to Hollywood movies that spent $258m on Spiderman 3. In the UK there were 46 films with budgets of more than £500,000 in production: 20 domestic features, nine inward investment films, and 17 co-productions – the lowest figure since the BFI began taking records in 2003. Another reason why people believe that the UK’s film industry is failing is simply on the amount of films that are being produced. The amount of films being produced in Britain has been the lowest since at least 2003; the number of films made was down from 87 in 2009 to 79 in 2010. Total films made in Britain, including Hollywood productions and co-productions, fell from 150 to 128 last year. The surprising thing about this is that the British watch more films across more platforms than ever before, with record receipts of £988m at the box office. So the fact that we are not making that many movies means that the supply for British movies is not meeting its demand.

                  On the other hand some people see the British film industry as a great boost to the economy and believe that when they want they can produce the best movies. The British film industry contributes £4billion to Britain’s GDP, which is a large sum of money. The British film industry not only helps the economy out with money, however supports over 35,000 jobs. Also in respond to the people who say Britain does not produce enough movies, last year independent British films took their largest market share in a decade, which illustrates that Britain does encourage people to produce/make movies. The box office it self also made over £1 billion for the first time, even though Britain doesn’t produce as many films as America, we still contribute to watching them and financially helping the market. Britain also has the highest amount of cinemas in comparison to Europe, this also proves that we have a lot of people in the country that enjoy and contribute to the film industry. The British film industry has also invested £160 million in movies and grossed £800 million, in other words every £1 we have invested we have got £5 in return. The films produced in Britain have won over 300 awards worldwide and have also won some of the most prestigious awards. This emphasises the fact that Britain have been clearly doing something correct if they have won all theses awards.

                  In conclusion I believe that the British film industry is at a better standard than the critics think. I believe it helps out the economy extremely, with the financial side and also the employment side. Overall I think that Britain’s film industry is good but far from perfect.