Being in here Cannes with my colleagues in Alliotts Media Team it is eay to be star stuck by the activity around us. However, what this translates to is a mega industry that is continuing to prosper. The statistics show that UK audiences still enjoy the cinema and the 'big screen' experience.
The estimated Gross box office for 2018 was £1.28 bn or US$ 1.71bn. The average number of visits to the cinema in the same year was 2.7x per person, based on a UK population of 66 million divided by 177m, the number of visits to the cinema.
The number of films produced in the UK dropped from 315 in 2017 to a provisional number of 202 in 2018. The apparent decline is linked to a time lag in identifying film productions with budgets below GBP 0.5 million.
Out of the Top 20 films by admission in the UK and Ireland only 3 originated in the UK with Bohemian Rhapsody at number 5 with 6.098m admissions.
25 US studio titles accounted for 74% of production spend in the UK. High incentives and a favourable GB£ exchange rate meant local production spend reached a record high of GBP 2.2 billion in 2017.