California Still Top Film Locale, Study Says, But UK Makes More Money
California didn’t host any of the 25 top-grossing live-action films in 2015, FilmLA reports in its 2015 report. However, California had 19 of the 109 top-grossing films shot in the state, with the UK second with 15.
Where was New York? Well, Georgia and Louisiana had 12 each, and Canada 11 of those top-grossing films. New York, ranking second in 2014 with 13 feature films, notched only seven the following year.
But unlike years past, California didn’t produce any top-tier, large-budget (over $100 million) live action films – only animated features. Live action flicks throw off more money into the local economy than animated ones, since animation studios can control their costs, while live productions buy up lots of supplies and production crews. So, FilmLA (the city’s film office) figured that the UK pulled in more production-related spending ($1.63 billion) for the 19 large budget films made there, while the 19 top-grossing films in California generated less than half that amount ($720 million).
So what about Britain’s exit from the EU and the resulting drop in the British Pound (BP) in relation to both the Euro and US dollar? It’s unclear where the BP will stabilize in the long run, but if British money continues at such a discount, more and more US productions might be headed overseas.
You can download a PDF of the complete FilmLA 2015 Production Retrospective complete with charts and info on television production by clicking here. You can read a shorter, narrative version of the report at Deadline Hollywood.