Business

The sale will secure the future of Channel 4 in the UK, the minister says

File Photo: People pass the Channel 4 TV Channel office in London, England, on June 23, 2021.Reuters / Toby Melville / File Photo

September 15, 2021

Paul Sandle

Cambridge, UK (Reuters)-Channel 4 in the UK, if privately owned, will have access to more money to compete with streaming giants Amazon and Netflix, the minister said Wednesday.

UK Government https://www.reuters.com/world/uk/british-government-plans-sale-broadcaster-channel-4-2021-06-22 Publicly owned but commercially funded in June It was launched about 39 years ago as an edgy alternative to the BBC and ITV, which said it plans to sell its broadcasters.

“If you want Channel 4 to grow, you’ll need cash right away at some point. Without it, Channel 4 wouldn’t have the money to invest in technology and programming, and wouldn’t be able to compete with the streaming giants.” Undersecretary John Whittingdale told the Royal Television Society tournament.

Discussions on plans that have been publicly criticized by Channel 4 itself ended on Tuesday. Its CEO, Alex Mahon, said there was no evidence that privatized Channel 4 could better perform its mission.

“There is no data, and there is still no evidence that Channel 4 could maintain its mission, (…) social impact delivery, indie support, and the creative community within 10 years in the hands of individuals,” Mahon said. Said at the tournament.

Talks on Channel 4 privatization began before Oliver Dowden replaced Nadine Dorries on Wednesday on behalf of the Minister of Culture. His speech to the convention was made remotely by Whittingdale.

Channel 4, which airs the AID drama “It’s a Sin” this year, has a mission to provide rewarding and unique programming to viewers who are not well serviced by other broadcasters.

Instead of creating a program, we outsource it to a production company to help maintain a successful independent television sector in the UK.

Channel 4 said this month that removing its own publisher-broadcaster model could reduce its contribution to the creative economy by £ 2 billion ($ 2.76 billion) in a decade, according to a survey by Ernst & Young. I did.

Whittingdale said the civil servant’s duties would remain.

“Therefore, we make sure that if we choose to continue the sale, we are subject to appropriate public service obligations,” he said, adding that this covers the commitment to outsource programming from independents. ..

($ 1 = 0.7243 lbs)

(Report by Paul Sandle, edited by Jonathan Oatis and Alexander Smith)



The sale will secure the future of Channel 4 in the UK, the minister says

Source link The sale will secure the future of Channel 4 in the UK, the minister says

Back to top button