UK building on Vancouver animation deal
Representatives from five London animation studios are among the UK delegation taking part in the Vancouver–London Animation Business Exchange, building on a Memorandum of Understanding (MOU) that both cities signed last September.
The MOU outlined a pledge that the animation industries in both cities would work together to develop business opportunities, pool expertise and support companies with operational presences in both Vancouver and London.
“Both cities are successful global production centres for the screen industries, boasting excellent VFX and post-production infrastructure, with many market-leading companies having a significant presence in both cities,” said Adrian Wootton, chief executive of Film London and the British Film Commission.
“We are delighted to be leading this delegation of London animation studios and to be combining experience, knowhow and market knowledge to explore future opportunities for collaboration and business growth.”
Spending on animation production in London has increased dramatically since the launch of the UK’s animation tax credit in 2013 – from below £35m annually to more than £150m, according to Film London figures.
Nearly 80% of animations made in the UK in 2018 were co-productions or involved studios based outside the UK.
Animation spending in Vancouver is projected to surpass CA$1bn this year, according to figures from Vancouver Economic Commission.
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