BBC REPORT:
A report on the BBC website has said that the British Film Industry should back up more mainstream films. David Cameron has further been able to back up this theory. The Prime Minister has praised the UK film industry but has said that "we should aim even higher". The review is set to find out how the industry can offer better support for UK films. It has even been said thet the British film industry has made a £4bn contribution into the UK economy. Some have suggested that a variety of projects should be funded to create a "vibrant industry". Grassroots support gained success with taking in £3m at the box office as well as winning festivals and having DVD releases. There was no public funding in this project.
CHANNEL 4:
David Cameron has visited Pinewood studios in preparation for a government film policy issued next week. It's thought that the National Lottery will fund films in order to regain balance and support mainstream films. Julian Fellowes has stated that the lack of funding in these films before is because people believed they could get funding from elsewhere.
Last year, £34 million was invested in British film from the National Lottery. This year the funding will be increased to £43 million. The Kings Speech bought in £266 000 000 worldwire; making it a great success. It is said, however that the new funding schemes could prevent new talent from arising.
PLAYLIST:
The Prime Minister announced they were shutting down the UK Film Council, the organization that, were responsible for the allocation of funding for development and production. Those responsibilites now belong to the British Film Institute. David Cameron has said British Films shouldn't keep having to rely on Hollywood for back up. Ken Loach a filmmaker has said this report is reccommending that, rather than returning money to the central body after a film has made it back, it'll be kept by the production companies, who can reinvest in future productions. This will be able to make a more sustainable film industry. Filmmaker J. Blakeson has stated: "If UK public film financing starts taking fewer risks, it will get harder than ever for a first time director to get a film made, and it is already nearly impossible." It will also mean that some production companies will struggle to get finance. The Kings Speech was also turned down by most of the British Companies, yet is was widely successful. Working Title have become the most successful UK British Production company, however, they are owned by a US parent company...
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