Television industry, Independent production companies, Media, Television, Television & radio, Culture, UK news, Job losses, TV streaming, Film industry, Business Business | The Guardian
Indies pin hopes on recovery as cash-strapped broadcasters slash commissioning, sending revenues plunging by £400mThe UK’s TV production sector has adopted the mantra “survive to 2025” as a perfect storm of market pressures has led to a £400m financial hole, leaving hundreds of small companies in a fight to stay afloat this year.This week the industry body Pact, which has 850 TV production companies as members, revealed that cash-strapped British broadcasters slashed spend on commissioning programmes last year to the lowest level since the height of the pandemic. Continue reading…
Indies pin hopes on recovery as cash-strapped broadcasters slash commissioning, sending revenues plunging by £400m
The UK’s TV production sector has adopted the mantra “survive to 2025” as a perfect storm of market pressures has led to a £400m financial hole, leaving hundreds of small companies in a fight to stay afloat this year.
This week the industry body Pact, which has 850 TV production companies as members, revealed that cash-strapped British broadcasters slashed spend on commissioning programmes last year to the lowest level since the height of the pandemic.
