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The group creation follows the company's commitment of £10million investment per year across its markets to strengthen its diversity and inclusion efforts.

Global animation outfit launches UK based Snipple Originals to develop own IP and the UK’s investment firm BGF backs Snipple with £6 million investment.

The two international funding organizations will approximately match the CMF’s total investments of CAD$405K in co-development and coproduction investments.

Commissions reached a record £2.6 billion last year. Co-commissions are considered the most important aspect of production, increasing by 17% from 30 in 2018 to 35 in 2019, bringing a total investment increase of 19%.

Streaming revenue in the region will reach more than double to $15 billion by 2025. There is no additional information on what the 2021 budget for originals would be beyond saying Netflix is looking to double its investment from this year on securing exclusive content.