Imported drama series lose $1bn in value

The value of imported drama series for European broadcasters was $5.4 billion in 2012; down by $1 billion (16 per cent) on the 2008 total, according to the latest edition of the Imported Drama Series in Europe report.

Michael Cluff, co-author of the report, said: “2012 shows a significant drop in value compared to previous years. Two-thirds of the fall can be explained by lower income generated by advertising and state grants/licence fees. Although the rate of change varies substantially by country, the reminder of the drop seems to come from a combination of cash strapped channels cutting the easiest external costs and the longer term gradual movement of hours out of the high share channels and into secondary channels.”

Jonathan Bailey, co-author of the report, added: “The total number of imported drama series hours screened declined by only 2 per cent between 2008 and 2012, but the hourly value dropped by 14 per cent over this period.” A total of 1,677 imported drama series titles were analysed for this report.

Italy was the top country by value created from imported drama series in 2012, closely followed by Germany. France was third. However, the UK was a long way behind as few imported dramas are aired on the main channels.

Italy, Germany and France generated 55 per cent of Europe’s total in 2012.

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