A combination of an increasingly risk-averse Hollywood movie system addicted to blockbuster franchises and the global explosion in mega-budget TV drama is putting the squeeze on smaller films.
Funding issues mean it is a lot harder to get those films away and we are in a golden age of TV production.
This is the lowest number made since 2006, according to annual figures published by the British Film Institute (BFI).
The UK is a sombre case study for the mid-to-low-budget film industry.