<ul><li>UK broadcasters slashed their spending on big-budget TV shows to the lowest level in almost a decade last year.</li><li>High-end TV shows costing more than £1m an hour to make experienced a 25% drop with an investment of £598m in 2024.</li><li>US-based media firms, including Netflix, Amazon, and Disney, increased their investment by a quarter, reaching £2.82bn in 2024.</li><li>The surge in overall spend on high-end TV production in the UK came at a time when the number of productions decreased by 42% in 2024 compared to the previous year.</li></ul>

BBC and ITV slash big-budget TV spend as US streamers pour money into UK

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