Article summarisation

In this post, i will be briefly summarising the contents of the following article titled ‘Hollywood and TV put the squeeze on UK's low-budget film-makers’. I will be summarising the information in bullet points of the main points from each paragraph.

• The number of domestic UK films costing from £500,000 to about £30m to make, fell from 77 to 60 between 2014 and 2015 which is the lowest number since 2006.
• According to the annual figures published by British Film Institute(BFI). The number of small to mid-sized budget co-productions such The liberated fell from 37 to 30 which hasn't been seen 2008. 
• Hollywood blockbusters made in the UK, such as Star Wars: The Last Jedi, and Alien: Covenant, which account for the lion’s share of the £1.6bn feature film market, remain rocksteady, with just under 20 films produced in 2015
• Films from major studios take more than 90% £8.5bn of the US box office mechanics leaving only about 650 films to chase the 9% left of the box office.
• As well as that, there is also some major pressure being ramped up by big-budget TV drama such as Netflix’s £100m co-product The crown. “There is not a lot of difference between high-end TV and many films these days”
• Most TV dramas these days cost a minimum of £1m per episode, which is where most of the money and funding now is.
• The BFI says the figure for inward production investment in TV, mostly from US companies such as Amazon, Netflix and HBO, nearly doubled from £252m in 2013 to a record of almost £500m last year.
• The spend on UK domestic films dropped to £198m in 2015, the lowest level since 2007.
• The lure of pots of money, and the overlap of skills, related to glossy drama has drawn many of the UK’s well-known film production companies to expand into the sector.
• The BFI says the number of domestic UK features being made in the first quarter this year (17) is the same as in 2016 and that there has been a 30% jump in spend to nearly £32m.
• Last week Entertainment One, distributer of La La Land said that is was getting out of small-budget films.

In this article, we learn about the downfall of domestic UK films, and the rise of highly funded TV programs. From the article we learn that the downfall of films can be from two reasons, firstly, Hollywood blockbuster films which take up to 90% 8.5bn of the US box office leaving only around 10% of the box office to be chased by around 650 films. Another major development in the entertainment world is the high end Tv program, such as Netflixes 'The crown' with a £100m budget, which is more than some movies. It was said that these days there is not much difference between high end tv programs and films and it is not only winning over the consumers but even some big names in the industry are either quitting the small budget films and or begging to look at high end Tv programs.