Why EU law and Brexit could kill UK Indies SUMMARY

Realised I'd blogged a few on the same theme, so I'm gathering them together in this revised post, looking at how influential EU law is - and the possible impact of the UK's surprise Brexit vote. In a nutshell, the EU as an increasingly neo-liberal, free market institution is pushing for reforms that in theory boost competition - but in reality will severely undermine Indies and slash film production while boosting the conglomerates. Brexit poses similar threats, with production, funding and distribution all facing huge cuts at the Indie level, co-productions made difficult and access to EU cinema markets cut, while the huge studio production industry will face issues too.

Rebecca O'Brien is quoted in this nofilmschool feature, a detailed analysis of how the industry works - and will struggle post-Brexit. It argues there are 3 key areas of concern:

1. Fewer European co-productions
2. Decline in British cinema—both in quality and quantity
3. UK may no longer be a top international filming destination

1: Fewer European co-productions

Co-productions are the lifeblood of European cinema. In 1994, Treaty No. 147, or the European Convention on Cinematographic Co-Production, was ratified in order to "safeguard creation and freedom of expression and defend the cultural diversity of the various European countries." It was not only the portal to creative synergy in a continent rich with varied cultures, but it also created the framework for film financing across international borders.

Co-productions significantly reduce risk; where one production company might be unwilling to assume debt on a single film, three companies can share the risk and bring different financial resources to the project, such as country-specific tax incentives and investors. In an industry built upon the assumption of risk, a co-production can mean the difference between development purgatory and getting a film made.
Furthermore, co-productions can receive aid of up to 60% of the production budget.
Rebecca O'Brien, a producer on I, Daniel Blake, said that the success of co-productions is exactly the international cooperation for which Europe at large should strive. 

2: Decline in British cinema—both in quality and quantity

Biggest cinema markets ranked by box office. UK in top 5

These will vary over time, but the UK and France are Europe's biggest markets, with Japan and China key Asian markets. China is expected to eventually exceed the US box office (perhaps towards the end of 2017?), but India's massive population is less likely to follow suit with ticket prices so much lower in the countryside.

The UK is dwarfed by the US and China, but it, France and Japan are closely matched and are ranked differently depending on the survey/year but is the 3rd, 4th or 5th biggest cinema market in the world, a definite top 5 market. Note how low its share from nationally produced films is - US films account for 4 times the box office of UK-produced films. No figure is given for the US but this would be in the high 90%+ range.

Table from Wiki. Note that China's figures are more recent than the rest, significant as they are growing every year.