UK Movies – Highly Desired But Economically Imperiled

“In 2008, 111 feature films were made in Britain, down from 126 the previous year. Their overall cost, £578.2m, represented a drop of 23 per cent from the previous year. Overseas investment in the UK industry fell by more than a third – from £523m to £338m. Britain faces a situation where, even as its actors, directors and screenwriters are among the most sought-after in Hollywood, the lion’s share of the revenue, jobs and taxes they generate stay in the US.”

UK’s Channel 4 Offers To Spend £5 Billion On British Productions

The network is even promising to spend one-fourth of that budget (£1.25B) on programming made outside of greater London. “However the broadcaster says the money will only be spent if it can secure fresh investment to support its public service activities. The announcement [is] regarded as a last ditch attempt to lobby the government for public funds.”

Benjamin Button Gets 13 Oscar Nominations

“‘Button’ nosed out its rivals Thursday morning by scoring 13 nominations for the 81st Academy Awards. Paramount-Warner Bros.’ ‘The Curious Case of Benjamin Button’ got the most noms, including best pic. Other best pic contenders are Universal’s ‘Frost/Nixon,’ Focus Features’ ‘Milk,’ the Weinstein Co.’s ‘The Reader,’ and Fox Searchlight’s ‘Slumdog Millionaire.'”