Financial Times FT.com

Europe’s film industry

Published: September 7 2007 09:32 | Last updated: September 7 2007 22:27

The Venice Film Festival reaches its climax this weekend with the usual bevy of gongs for European productions. While there is joy on the Lido, chastening data are emerging from the US, still comfortably the world’s biggest film market.

During the biggest summer for films yet, with more than $4bn in box office receipts, European producers barely got a look in. Figures from Media By Numbers, a film consultancy, show that of the top 25 grossing films during the 18-week period from early May until Labor Day, just one – the UK/Spanish 28 Weeks Later, at number 23 – was a wholly non-US production. The latest Harry Potter chapter, at number five, was a joint US-UK effort.

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