UK Independent Film Sector Faces 'Market Failure' Due to Tough Industry Conditions, Producers Warn
-
U.K. independent film sector heading for "market failure" due to industry conditions and inflation, says producers body Pact.
-
Pact proposes increasing tax relief to 40% for films budgeted £1-15 million to help sector.
-
Decline in indie films due to difficulty securing finance and slow return of audiences to cinemas.
-
Streaming platforms creating more challenging environment for indie films with "deeper pockets".
-
Film and TV production landscape is hypercompetitive globally, risks losing productions if UK offer declines.