3.9k Share this

The ‘alternative’ plan for Channel 4 to avoid privatisation: How proposal to copy BBC by moving HQ out of London and create national training scheme to recruit 100,000 youngsters has been rejected by ministers favouring sell-off

LONDON, May 5 (Reuters) – Channel 4, the publicly-owned British broadcaster that the government wants to sell, published its alternative plan to privatisation on Thursday, including setting up a joint venture that would own the rights to commercialise shows globally.

The government announced last month it had decided to sell the broadcaster, saying it would struggle to compete against global streamers like Netflix if it remained in public hands and had limited access to capital.

Channel 4 was created by Conservative Prime Minister Margaret Thatcher’s government in the 1980s to deliver an edgy alternative to the BBC and ITV.

Its unique model – funded by advertising but owned by the public and with no in-house production – helped establish Britain’s independent programme making sector and brought new voices to the screen.

Chief Executive Alex Mahon said the broadcaster had presented its plan to government earlier this year, and was making it public to inform debate in parliament, the industry and the wider public.

Lawmakers across parliament and television grandees oppose a sale, saying it would jeopardise Channel 4’s distinctive programming, and the plan faces two years of scrutiny.

Mahon said Channel 4 wanted to expand its commitment to the regions and nations of the United Kingdom, including commissioning more than 50% of its programmes outside London, and increasing its staff outside the capital – in Leeds, Glasgow, Bristol and Manchester – from 400 to 600 by 2025.

“In terms of content, Channel 4 would seek to invest 1 billion pounds ($1.3 billion) a year in distinctive home-grown British programming by 2030,” she told reporters.

“This would be achieved in part by creating an IP joint venture, leveraging necessary private capital to find future generations of hit shows that make Britain famous worldwide, and that make Channel 4 the envy of other broadcasters.”

The private capital – outside of the public sector balance sheet – will enable the company to grow faster, build scale and compete harder for content, it said. ($1 = 0.7959 pounds) (Reporting by Paul Sandle)

Advertisement

Source: Daily Mail

3.9k Share this
You May Also Like

KATE MUIR freaks out at a psychedelic banquet of David Bowie footage in Moonage Daydream

Spotlight on a shy chameleon who became the Da Vinci of pop:…

Rape victim, 36, tortured by ‘Prince Charming’ ex ‘waited NINE months for Clare’s Law’s response’

A rape victim subjected to mental and physical torture by a ‘Prince…

Iris Law flashes her washboard abs in a chic black corset top and skirt co-ord in Cannes

Iris Law and Sharon Stone turned heads as they arrived at the screening…

Navalny tells judge ‘you, your system and Putin are traitors against Russia’ as he loses appeal

Jailed Kremlin critic Alexei Navalny unsurprisingly lost his legal appeal against a…

Palliative care nurse reveals the one type of person who struggles the most in their dying days

Palliative care nurse reveals the one type of person who struggles the…

Man charged with murdering seven-year-old Nikki Allan in 1992

Man charged with murdering seven-year-old Nikki Allan in 1992: Suspect, 54, appears…

CA Tree Trimmer Found Guilty in Throat-Slashing Attacks

A California tree trimmer was found guilty in multiple throat-slashing incidents that…

Queen of larks! Unearthed home movies show Her Majesty in her younger days frolicking with family

Queen of larks! Unearthed home movies show Her Majesty in her younger…