Ireland’s film and television industry is still boosting the economy despite the recession, a business group said today.
The Audiovisual Federation, which is a part of Ibec, said while revenue from the sector has fallen this year, it claimed the country continues to benefit both financially and culturally
In its annual review the group revealed 266 productions were completed in Ireland last year, with a total production value of €246.8 million.
Director Tommy McCabe said despite current economic pressures, the audio-visual field remains vibrant. “The sector is one of Ireland’s great success stories and it is critical that public policy continues to support the industry, to ensure that this momentum is not lost,” said Mr McCabe.
“In 2008, the net benefit to the economy was €25.7m, which is the highest return since 2003, and over 1,631 people were employed in full-time equivalent jobs.
“The level of production activity for feature films increased to €71.9 million in 2008, up from €19.3m in 2007, but estimates for 2009 show a fall to €65m.”
The federation represents the feature film, television and animation sectors.
