UK Culture Secretary Oliver Dowden is expected to outline the financial benefits privatization could bring to UK public service broadcaster Channel 4.
On Tuesday, in response to a consultation from the UK Department for Digital, Culture, Media and Sport (DCMS) on the privatization plan, Channel 4 warned that its public service remit would be compromised in favor of profits in the event of a privatization.
In his speech at the Royal Television Society (RTS) convention in Cambridge on Wednesday, Dowden will argue that further private investment could usher in a new era for Channel 4 as the leading public service broadcaster creating unique content and taking risks that reflects modern Brittany.
In the speech, in which he is also expected to announce new measures to protect the success of UK broadcasting, Dowden will recall that Channel 4’s status as PSB will continue in the event of a sale, with the obligations and requirements that come with it. . .
Dowden will say private investment could give Channel 4 more opportunities, such as the deal with Amazon Prime Video for the rights to broadcast Emma Raducanu’s US Open victory and recent Paralympic Games coverage. He will argue that this is the best chance to secure a prosperous and sustainable future for Channel 4 in the face of intense competition from the continued rise of on-demand rivals such as Netflix and Amazon.
“Channel 4 is one of this country’s greatest assets… A clear way to ensure that our UK broadcasters thrive is to put them in the right financial position to compete and succeed for decades to come – little it doesn’t matter what the future of broadcasting holds,” says Dowden. should say at the convention. “I believe that if Channel 4 wants to grow, it will soon need the money. Without it, Channel 4 will not have the money to invest in technology and programming, and it will not be able to compete with the giants of the streaming.
“The next obvious question: where does this money come from? It can either come on the backs of the taxpayer or come from private investment. And it’s my strong position – as a point of principle – that I don’t believe the A commercial TV loan should be guaranteed by a grandmother in Stockport or Southend,” Dowden is expected to say.
Dowden will also challenge people to suggest better ways to protect Channel 4’s future and its public service mission than private investment, saying ‘standing still’ would be an ‘act of self-harm’.