The hard-hit British film industry came roaring back to life in 2006 as spending on film production rose 48 percent to $1.64 billion, largely due to Hollywood-backed movies like Harry Potter and the Order of the Phoenix, The Bourne Ultimatum, and The Golden Compass. Hollywood films accounted for 60 percent of the total, or $984 million. However, spending on domestic film productions dropped 11 percent to $290 million, according to the British Film Council. John Woodward, chief executive officer of the Film Council, said in a statement: "We are back in business with British film-makers winning international awards, a crop of great British films produced and British talent and facilities in demand from filmmakers around the world. The new tax credit which came into force this year will ensure that the U.K. stays one of the best places in the world to produce a film."