Channel 4 Releases Alternative To Privatization: Says Sale Could Lose UK Economy Up To $ 3.8 Billion Over Next Decade

Privatized Channel 4 could lose up to 3 billion ($ 3.8 billion) to the UK economy over the next decade and support more than 4,000 jobs, he says. არის it’s a shame The proposed alternative privatization of the network, presented to journalists today.

Channel 4 CEO Alex Mahon sent a public message this morning discussing the network failure 4: The next episode The plan was presented to Culture Secretary Nadine Doris in February as an alternative to privatization with a detailed cost-benefit analysis. You flatly refused, as stated in last week’s UK White Paper on the future of British television.

According to the analysis carried out 4 Next episode, Which also included a number of proposals for the reformed publicly owned channel 4, privatization of the network would result in მთლიან 8BN მთლიან of the total for the UK economy over the next 10 years, compared to 11 BN if reformed and continued to be public. . Property.

Thus, the most extreme scenario would result in 3.3 billion, which would be only slightly reduced by a sales value of around მილი 500 million to the government.

Across all countries and regions, privatized Channel 4 was estimated at £ 1 BN- £ 2 BN, compared to £ 3.5 billion in public ownership. The number of jobs supported in the case of Channel 4 sales was expected to be between 9,000 and 11,500, compared to 13,000 if it were public.

Additionally, Channel 4 said the exported UK intellectual property “would no longer be an organizational priority” for the new acquirer, while the reformed public ownership operation could generate .000.1 million and 500.5 billion ის 1.1 billion for the exports. owned by the UK manufacturing sector. in the next decade.

Rumors like ITV, Discovery, Paramount and Comcast, owned by Sky, have been spread as potential buyers of Channel 4, as well as outside betting like BBC Studios or European giants like Vivendi and Bertelsmann.

joint venture plan

4 Next episode He formulated a groundbreaking plan for Channel 4 with an outside investor to create a JV that would order British content and allow the network to retain the rights to its programs for the first time in its 40-year history. The plan was leaked Financial Times A few weeks ago.

Channel 4 said the plan had already begun to attract interest and generate მილი billion in investment on the British mainland over the next 5-10 years, “establish one-stop-shop financing for independent manufacturing companies and reinvest IP in secondary sales” . In the exploitation of internal contents “. Over the same period, operating costs will increase by მილი 300 million, Channel 4 said.

“The JV will invest in British Creative Content, which combines the Channel 4 operation with distinctive British flavor and privately owned curated ‘Storefront’ content,” added the proposal.

“These reforms will unlock capital, leading to a substantial increase in Channel 4’s public contribution, extending opportunities to the people and parts of the country that are under-represented in our cultural institutions and on our screens.”

Much of the discussion about Channel 4’s privatization has been based on its unique model in the UK television landscape as a publisher and broadcaster, meaning it cannot produce its own programs and retain its rights. The government is trying to reform this model and impose a quota of only 25% of the necessary programs on third party producers, which will lead to a fundamental change in the landscape.

Innovative 4 Next episode The JV plan was created alongside other proposals to enhance Channel 4’s UK offering, including:

• Commitment to order at least 50% of the content outside of London.
• By 2025, the number of stalls in London will double to 600.
• Simplify your stay in London by creating a London base that “supports new ways of working”.
• Help 100,000 young people in the creative sector with the 4Skills School expansion.

However, it appears the government has no plans to reconsider Canal 4’s future, and a government spokesperson said the decision has been made.

“We are clear that a change of ownership is necessary to provide Channel 4 with the best tools for innovation and growth, without requiring the taxpayer to do business effectively,” he said, criticizing Channel 4’s proposal as “based on incorrect assumptions. “. . And outdated analysis.

“He does not realize the benefits of last week’s historic White Paper on reforms, such as using the proceeds from sales to generate a dividend of creative abilities or the fact that we are keeping it as a public broadcaster to invest in independent production companies. London and the creation of distinctive British programs ”.