U.K. Creative Industries Worth $119.5 Billion, up 8.9 Percent, Government Says
The British music, film, video games, TV and publishing industries generated more than $13.6 million an hour in 2014, according to new stats.
Buoyed by major productions such as Star Wars: The Force Awakens and Game of Thrones, the value of the U.K.'s creative industries rose 8.9 percent in 2014 – almost double the rate of the local economy as a whole – to almost $119.5 billion.
Government figures released Tuesday showed that the music, film, video games, TV and publishing industries generated more than $13.6 million an hour.
"The creative industries are one of the U.K.’s greatest success stories, with British musicians, artists, fashion brands and films immediately recognizable in nations across the globe," said culture minister Ed Vaizey. "Growing at almost twice the rate of the wider economy and worth a staggering £84 billion a year, our creative industries are well and truly thriving and we are determined to ensure its continued growth and success."
Looking at the current year, the government said: "2016 is shaping up to be another great year right across the U.K.’s most dynamic sector; whether it be the next installment of [BBC drama] Poldark; the new album from Radiohead; the film adaptation of Roald Dahl’s The BFG; or the release of Lego Marvel’s Avengers."