Sunday, April 21, 2019

United Kingdom's Animation, VFX & Games Industry to 2020 - The Total Value of the UK Games Industry is Projected to Reach US$ 5 Billion by 2020 - ResearchAndMark

BWW News Desk
April 08, 2019

The a referrerpolicyunsafeurl targetblank hrefhttpswwwresearchandmarketscomresearch6qg4s9unitedkingdomsw4 relnofollowUK Animation VFX amp Games Industry Strategies Trends amp Opportunitiesa report has been added to strongResearchAndMarketscomsstrong offering pblockquotep idpullquotepblockquote p The UK games market is growing at a fast pace and revenues touched US 38 billion in 2017 The games sector is the fastest growing sector in the media and entertainment industry in the UK The traditional gaming sector includes video games on PCs and games consoles that can connect to TVs and have portable hardware p p The console industry is still strong especially in countries where consumers cannot afford to buy the newest models which keeps older models in demand and gamers trade used console games with one another The console market will continue to be popular due to the higher costs of digital video games and a lack of network infrastructure especially in developing economies which will keep physical distribution relevant The console market is complemented by the proliferation of portable handheld devices and tablets p ul li The UK is Europes second largest gaming market with over 324 million active users li li The total value of the UK games industry was US 418 billion in 2018 and is projected to reach US 5 billion by 2020 li ul p The British animation industry is characterised by a large number of small independent studios There are around 469 studios in the UK including those involved in the games sector employing about 5400 people The majority of companies employ less than 10 people and the average annual turnover was approximately 750000 p p About 300 of these companies worked on mainstream production for film and television Of these about 50 regularly work on feature film and television programmes as opposed to just producing commercials and promotional films In addition to independent studios the BBC also has a small inhouse unit producing animation p p The UKs animation sector is a creative success story It has many animation producers with an established international reputation It is responsible for worldwide television hits like Thomas the Tank Engine Wallace and Gromit Bob the Builder The Animals of Farthing Wood Dangermouse The World of Peter Rabbit The Snowman The Adventures of Captain Pugwash Spot the Dog Percy the Park Keeper and 64 Zoo Lane and feature films such as Watership Down The Wind in the Willows Chicken Run and Christmas Carol The Movie US studios such as Walt Disney have previously based productions like Who Framed Roger Rabbit in the UK British animators have bagged international awards including prestigious Oscars and International Emmys p p strongKey Topics Coveredstrong p p strongEuropean Animation Industrystrong p ul li DEMAND FOR TV CONTENT li ul p Feature Film Industry in Europe p ul li MARKETING AND MERCHANDISING li ul p Trends in Europe p ul li COLLABORATION AMONG EUROPEAN STUDIOS li li DRIVERS FOR SUCCESS li li ANIMATION COST STRUCTURES IN EUROPE li ul p Animation Movie Budgets in Europe p p Strategies and Models for Animation financing in Europe p ul li ANIMATION FUNDING AGENCIES li li CENTRALISED ANIMATION FUNDING AGENCIES IN EUROPE li ul p Television Series Development in Europe p ul li PITCHING TELEVISION SERIES TO BROADCASTERS li ul p Copyright Chain in Europe p p CoProduction Strategies in Europe p ul li CONTRACTUAL ISSUES li li KEY RIGHTS IN COPRODUCTION AGREEMENTS li li COPRODUCTIONS AND OUTSOURCING li ul p Distribution Strategies in Europe p ul li PRODUCERDISTRIBUTOR COFINANCING PATTERNS li ul p 3D Market in Europe p ul li ADVANTAGES OF 3D li li DISADVANTAGES OF 3D li ul p Industry Constraints and Challenges p p strongMarket size of European Animation VFX amp Games industrystrong p p Animation Content demand by TV Channels in Europe p p European Animation amp VFX industry Market Size p p European Games industry Market Size p p strongAnimation VFX amp Games Industry in the UKstrong p p Industry Structure p p Recent Movie Trends in the UK p p Size of Animation Industry in the UK p ul li INDUSTRY SUCCESS li li CHALLENGES li li INDUSTRY SKILL SETS li ul p Role of Television Channels p ul li TERRESTRIAL TELEVISION li li CABLE TELEVISION li ul p Animation CoProductions in the UK p p Animation Studios in the UK p ul li STRATEGIES FOR ANIMATION STUDIOS IN UK li ul p Animation Television Channels in the UK p p Video Games Industry in the UK p ul li KEY TRENDS IN THE UK VIDEO GAMES INDUSTRY li li VIDEO GAMES INDUSTRY STRUCTURE IN THE UK li li VIDEO GAME BUSINESS MODELS IN THE UK li li ONLINE VIDEO GAMING BUSINESS MODELS IN THE UK li li VIDEO GAMES INDUSTRY VALUE CHAIN IN THE UK li li MOBILE GAMES INDUSTRY VALUE CHAIN IN THE UK li ul p Key Opportunities amp Strategies for Video Games Industry in the UK p p Video Games Market Segments in the UK p ul li MOBILE VIDEO GAMES SEGMENTS amp GENRES IN THE UK li li ESPORTS MARKET IN THE UK li ul p Video Games Market Size amp Opportunity in the UK p p For more information about this report visit a referrerpolicyunsafeurl targetblank hrefhttpswwwresearchandmarketscomresearch6qg4s9unitedkingdomsw4 relnofollowhttpswwwresearchandmarketscomresearch6qg4s9unitedkingdomsw4a p pimg referrerpolicyunsafeurl alt srchttpsctsbusinesswirecomctCTidbwnewsampsty20190408005386r1ampsidweb02ampdistronxamplangen stylewidth0height0span classbwct31415p

SOURCE: BUSINESS WIRE. ©2015 Business Wire

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