The UK animation industry is experiencing a period of consolidation, with companies merging to address financial pressures. Industry leaders are emphasizing the importance of attracting investment and becoming 'investment-ready' to ensure future growth and competitiveness.
Neil Court, chairman of Coolabi Group, noted the trend towards fewer production companies and the need for IP ownership. Vanessa Chapman of VJC Media advises companies to highlight their unique selling points and growth plans to attract investors. Philippe Alessandri of Watch Next Media shared insights on successful mergers, and Denitsa Yordanova from the UK Global Screen Fund discussed support for companies.
The UK government has announced a £75 million funding package for the film and TV industry, including the UK Global Screen Fund. This aims to boost international development and distribution opportunities for the independent screen sector. Companies are encouraged to adapt by focusing on IP, financial transparency, and strategic growth.