Wednesday 24 October 2018
House of Commons
The UK creative industry generates £91.8bn a year to the UK economy and is one of the fastest growing parts of the UK economy. However, over the recent years, the landscape of the industry has undergone many shifts, with a small number of US companies taking lead. Last year Netflix beat analysts’ expectations by adding 5.3m new subscribers during the third quarter of 2017 with this figure expected to rise in 2018. According to figures compiled for Ofcom, around 83% of companies in 2007 were either UK or European owned, however, following significant mergers and acquisitions activity led by US giants, this figure is now down to 40%. The question for the UK therein lies; how can we rebalance the creative’s landscape to provide the UK with the international and domestic platform of opportunity it once had?
This Dinner Discussion will:
• Examine changes in the global market and the wider impact on the UK creative industry
• Review UK successes within the creative industry and how these can be supported further to seize international and domestic opportunities
• Consider the key components of success for international leading creative companies
• Explore how the UK regions can help support London in the international market of creative industries.