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Despite Hollywood Strikes & Market Contraction, Streamer Spend In UK Stayed Steady At $900M In 2023 — Pact Census
The Pact Census has found that Netflix, Amazon, Disney spend stayed steady in the UK in 2023 while producer revenue fell.
Despite enormous shifts in the global TV industry last year that included the disruptive Hollywood strikes, streamer spend in the UK remained steady at £684M ($895M), according to Pact. News of the overall decline was not surprising given that 2023 signaled the end of the boom era, the beginning of market contraction and a major strategic rethink from the U.S. studios, yet streamer spend holding steady is testament to their commitment to the UK, according to Pact boss John McVay. Netflix has had big UK hits of late such as The Gentlemen and Baby Reindeer, while a splashy slate unveiled six months ago included big-budget shows from Steven Knight, Jack Thorne and Jamie Dornan.
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