UK television exports represented a record-breaking £1.4 billion (USD$1.8 billion) in 2018/19 with non-scripted factual and non-scripted entertainment claiming the highest sales for the region after drama.
Pact, the trade association representing UK indie media companies, released its TV Exports Report today (Oct. 25), breaking down a “blockbuster year” for British film and TV.
The U.S. remained the region’s largest contributor, representing 32% of all exports (£444 million), followed by France, Australia, the Nordics and Canada.
North America — largely the U.S. — was an important partner for coproductions revenue (£81 million) and international production revenue (£123 million).
Europe maintained its position as the primary destination for formats, contributing £47 million in each of the past two years. The sale of formats to the U.S. more than doubled from £9 million to £20 million.
Finished programming represented the largest source of revenue for the region, taking 69% of all exports.
The UK saw a 33% bump in pan-regional sales, including global deals to SVODs such as Netflix and Amazon.
The report was produced for Pact by 3Vision with funding partners Department for International Trade, BBC Studios and ITV Studios.
Commenting on the report, Liz Truss, UK secretary of state for international trade, said: “British TV and film exports have had another blockbuster year, with these new figures showing the incredible overseas demand for the UK’s cultural exports. The USA remains the biggest market for our world-beating TV and film industry, and once we leave the EU we will negotiate an ambitious new free trade agreement with the States to ensure even more of our industries can benefit from this golden opportunity to improve our trading relationship.
“This sector is hugely important to our economy and we are working hard to ensure its continued success.”