Financing Model: Production Budget

financing model: The film-makers believe that, while homegrown casts and crews are working instead on Hollywood and overseas productions, the increasing dominance of US online streaming platforms will drive up costs further and ensure that stars on whom they rely to attract crucial financing are even less available, according to The Independent. Last week, in a boost for the UK's status as a centre for film and TV production, Netflix announced that it was setting up a permanent production base at Shepperton Studios, spending more of its 13bn 10.3bn annual production budget in the UK. The news came as Disney joined studios planning rival streaming companies with their own productions. They say that the financing model of the past 20 years is broken and that making Oscar-winning films such as The King's Speech and Slumdog Millionaire has become all the more difficult. Before launching Disney it has pulled all its content, including the Toy Story franchise, from Netflix in the US. The British film industry after Brexit We're going to throw it all away'Read more Andy Paterson, who co-produced The Railway Man, the acclaimed second world war film starring Colin Firth and Nicole Kidman, said others would follow and that, although British film-makers were benefiting from the streamers, there was a limit to the number of subscriptions that the public would buy. Paterson said There's going to be a massive war between those platforms over the next two years and then, inevitably, a consolidation. He predicted a streamer war that would take its toll on the independent sector. (news.financializer.com). As reported in the news.