Many fledgling British films never make it off of the drawing board however some get the opportunity to receive funding from private equity providers. Private lenders are usually very reluctant to invest in a film unless they are almost certain of it's success, and there are reasons for this apparent reluctance.
From the period of 2003 to 2006, data released by the UK film council revealed that out of the 333 British films which private investors invested in, only 35 made a profit. Now these shocking statistics reveal why the British film industry is struggling to stay afloat, hardly any films receive funding as many private investors are afraid that they will be dragged under, along with the films which they support.
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| Above: Prescience funded over two thirds of The King's Speech's total budget. |
On the contrary, The King's Speech is a success story which stands out from the rest, grossing a total of £250m in box office sales alone, the British biopic with a modest £9m budget managed to break box office records. The film received funding from various sources however the main contributor was Prescience Film Finance which provided two thirds of the films £9m budget, alongside this, the National lottery also funded £1m in the film. Due to the films niche nature, developers initially had a struggle to attract potential investors, with Film 4 and BBC turning down the opportunity to invest in the film.
The King's Speech is one of the rare few British movies which make it into the public domain and reach worldwide success. Many British movies financially fail each year and some don't even make it past the concept stage, however the select few such as The King's speech are given the chance to achieve critical status and be remembered by viewers for years to come.