herald

Tuesday 17 October 2017

audiovisual

Record ¤118m film investment

RECORD levels of foreign direct investment went into Irish Film Board (IFB) productions in 2012, it has been announced.

Some €118m was invested in Irish film and television projects during the year from abroad.

Turnover in the sector was up by 30pc on the previous year.

The figures were boosted by the production of 19 feature films and strong investment in overseas television series such as Vikings and Ripper Street.

Investment in Irish film and television -- as opposed to projects that are just filmed here -- was up by 20pc on last year.

IFB chief executive James Hickey described 2012 as a "remarkable" year for the audiovisual industry.

The sector now employs the equivalent of 6,500 people in comparison with 5,000 in 2008.

Mr Hickey said films had a much longer life now through DVDs, Netflix and television.

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