Channel 4 privatization is off the table. UK Culture Secretary Michelle Donelan has written to Prime Minister Rishi Sunak, according to a leaked letter published by journalist Lewis Goodall on Twit…
last year, with the network valued at around £1BN at that point. The move was met with a huge backlash from the British production sector, multiple A-list talent and rival politicians, who likened it to cultural vandalism.
Part of that sustainability package will bring a major change to the Channel 4 business model, which will see the network given the opportunity to produce its own content for the first time. Donelan said this will take place in consultation with the British independent production sector, many of whom have long relied on the sale of their Channel 4 shows around the world to sustain their businesses – something they would lose if Channel 4 were to start owning its shows.
“Overall my intention is to be clear with Channel 4 that we expect them to achieve greater sustainability, for which the government will give them more tools while optimising the support and growth they provide to the creative sector,” said the letter to Sunak.
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