EXCLUSIVE: Channel 4 has abruptly cancelled its Four Weddings reboot in a move that has had the industry speculating over the state of the network’s finances amidst declining ad revenues and …
The abrupt axing has had the industry speculating over the state of Channel 4’s finances.
Several sources believe more cancelations could be incoming as Channel 4 grapples with a rapidly declining ad market – forecast to drop between 10% to 20% over the coming months – combined with rising budgets.
Sources said Katz’s comments didn’t match up with what they are hearing from Channel 4 commissioning editors and several shared these frustrations with Deadline unprompted following Katz’s Wales Screen Summit set-piece. “The frustration is coming from the top – indie bosses – and lower down – the freelance community, who are already facing long periods out of work,” said one. Bectu yesterday
that found almost half of its members were out of work, with 75% saying they are struggling to make ends meet.following the leaking of audio that raises fresh questions over how it dealt with bullying allegations agains the stars ofChannel 4 had not responded to Deadline’s requests for comment by publication time.
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