The research, which was undertaken by independent company Alma Economics, also singles out streamers: “The extent to which streamers currently contribute positively to the UK independent film sector is ambiguous.”
It calls for an increase in film tax relief for UK independent films.
There are serious questions about the long-term viability of independent film-making in Britain, the British Film Institute (BFI) has said.
The research highlights that while major Hollywood studios are drawn to the UK by generous tax incentives, the UK independent sector is facing “stagnating revenue”, with increased sales from digital media not fully replacing falling revenue from traditional sources such as DVD.