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British cinema has enjoyed a string of hits in recent years, from "Slumdog Millionaire" to "The King's Speech," and a government-appointed panel set out on Monday how it intended to maintain that form during the tough economic environment. The review calls for British broadcasters to help fund and show British films; for financial support for a wide range of movies ranging from the small art-house movies to blockbusters and the reinvestment of profits into the industry to generate further success. British Prime Minister David Cameron sparked controversy last week when he suggested that the British movie industry should focus on box office success rather than critical acclaim. The movie industry is worth an estimated 4.2 billion pounds ($6.42 billion)to the British economy each year, but much of that comes from blockbusters like the Harry Potter franchise that are often bankrolled by Hollywood studios. Independent British films had a share at the box office of just 5.5 percent between 2001 and 2010. Film makers argue however that they cannot predict how successful a film will be until it has hit the screens and that they do not wish to merely recreate Hollywood-style movies in a hunt for financial success. The government-appointed panel appeared to agree on Monday, saying it would look to support as many films as possible. "British film is going through something of a golden period," the report said. "A run of really good, successful, British-made and British-based movies has been taking not just British cinema audiences but many others around the world by storm. "The key question, though, is how do we make this something that lasts for more than just an all-too-brief year? How do we secure greater consistency in the quality and success of British film?" One of the suggestions includes returning the profits from a movie to the development and production teams, to encourage further investment in future films. Funding for a film from a body such as the National Lottery used to be considered a loan that was expected to be paid back from the film's income. A British Film Week around the country showing old and new films was cited as a way to promote British movies while lessons in school could teach children about British film heritage, it said. Broadcasters such as ITV and BSkyB were also urged to do more to promote British films, either through help in funding or through showing the films once they are released for television. The BBC, the publicly funded broadcaster which dominates much of the media industry in Britain, invests 12 million pounds per year to British films and while the panel welcomed the support, it said it would like to see this increase further. Chris Smith, a former secretary of state who produced the report, said television accounted for 80 percent of the total film audience, making the role of broadcasters all the more important. ($1 = 0.6542 British pounds) (Created by Kate Holton, editing by Paul Casciato) Entertainment Fashion Film Tweet this Link this Share this Digg this Email Reprints Entertainment News From the Wrap AFTRA, SAG Committee Reaches Merger Proposal 10:53am EST The proposal still needs approval from both unions' boards and then from membership In Mitt Romney Attack Film, N.Y. Times' Carr Sees Hollywood-ization of Politics 10:41am EST The Republicans ape a liberal enclave to attack one another Betty White's 90th Birthday Gift: A Marriage Proposal (Video) 10:19am EST "Chuck" star Zachary Levi proposes marriage and gets a Betty buss on NBC's Monday night special celebrating White's 90th birthday Golden Globes, NFL Blacked Out for DirecTV Subscribers in Boston, Miami 12:09am EST 11th-hour talks fail, and Sunbeam Television turns down request to air the game without a contract in place We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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