UK Drama Funding Crisis Eases, Fox Eyes Global Talent

UK television dramas are seeing renewed opportunities as the initial "blinking greenlight" phase for co-productions has transitioned to "full greenlights." Michael Thorn, head of the Fox network, reported an increase in direct calls from British partners seeking full financing. This development suggests a significant easing of the scripted funding crisis that recently impacted the UK industry.

Fox Entertainment Global, the network's sales arm, is actively pursuing breakout original content. Thorn emphasized that unlike former owner Disney, Fox is building its studio from the ground up without an extensive IP library. Therefore, the primary focus is on discovering and collaborating with the best storytellers worldwide, regardless of their location.

This evolving landscape benefits independent studios and producers. Industry executives like Jane Turton highlight that co-production deals with distribution partners are crucial for de-risking projects and ensuring completion funding. This collaborative model allows for greater creative control and the ability to cater to niche, diverse, and global audiences, moving away from a reliance on traditional, larger corporate structures.