U.K. Film, High End TV Production Spend Forecast to Hit $9.3 Billion by 2025, Further Squeezing Skills Shortage

Film and high-end TV production spend in the U.K. is predicted to hit up to £7.66 ($9.4 billion) by 2025, according to new research commissioned by industry body ScreenSkills. That is an annual average growth rate of 7.3% over the next three years. While that’s good news for the industry, it will also impact the already critical skills shortfall. The research suggested over 20,000 new full-time crew will need to be trained up to meet demand. Training of both existing workforce and new recruits will require an investment of £95.1 million to £104.3 million per year. Over a three-year period,… Read Full Article