INTRODUCTION PRODUCTION 100
SURVEY
Nutopia: Welcome to Earth
Endor: Vienna Blood
squeezing margins. It’s a point echoed by multiple indies, from Bad Wolf through Expectation and Two Brothers Pictures. Yeti Television comments: “The
biggest challenge continues to be budgets which are not keeping pace with rates, talent costs and riders, and the amount of deficit funding we have to put in to top up budgets. It means our margins are tiny and we have less and less to invest in development, staff retention and training. The pressure on production teams is becoming unsustainable – all due to budget squeezes.”
top indie £260M
Turnover of Avalon, the biggest indie in the Production 100
the top IO £831M
Turnover of the 10 biggest producers (33% of the total)
Autumn 2022
Covid hangover Covid continues to be a significant challenge for productions. Infections spiked in the winter and spring, putting teams under pressure and forcing shoots to be rearranged at the last minute. “In some ways it has been harder than ever, with infection rates meaning teams are rarely at full strength and protocols making production more challenging and complex,” says Shine TV. Changing Covid rules add to the
challenge of filming internationally, say indies like Transistor Films, Cornelia Street Productions and Dash Pictures. The winding up of the
government’s £500m Film and TV Production Restart Scheme (PRS) has also “created a complicated
P08
televisual.com
situation with different approaches from commissioners,” says Expectation TV. “We are still being impacted by
Covid on our shoots and with the end of the DCMS Restart Scheme we’re navigating new waters,” says Merman.
More people are now working from home as a result of Covid, and this has created issues for many indies. ClearStory believes that commissioning is now slower “both in editorial direction and in business affairs and contracting, mostly because of working from home.” “It’s very hard to have personal meetings with broadcasters due to Covid restrictions,” says Company Pictures. Others say that younger staff are finding it harder to learn on the job while working from home.
Corporate change It’s been a year of significant change for the broadcaster clients of many indies, which in turn has affected their business. The merger of Discovery and
Warner Media was completed in April, and the newly minted Warner Bros. Discovery has since embarked on a major restructure involving significant lay-offs and cost-cutting. This is already impacting UK indies, many of whom have become key suppliers to Discovery. “Consolidation in the US and global media has meant
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