| Already boasting one of the lowest international co-production rates in Europe, the UK production sector has suffered from a strong pound and well as the threat of actor strikes - with production levels in 2001 down on 2000 (see story). Cross-borader coproductions have traditionally been held back by language, currency and cultural differences - at least one of this areas has now been stop-gapped. "We can now work with one currency across Europe and don't have to constantly worry about exchange rates - we have one European market where we can all work." Great for the Eurozone countries, but for overseas producers, another disincentive against shooting in the UK. |
Some analysts also suggest that film revenues - traditionally denominated in dollars, will soon be listed in Euros - at list for European countries.