The British film and TV industry breathed a collective sigh of relief today after the government signalled its intention to scrap a planned $1.2B sale of Channel 4, one of the crown jewels of UK broadcasting
“Logic prevails,” added Ben de Pear, the former editor of Channel 4 News and executive producer of, the Oscar-nominated documentary. “What a huge waste of time the whole exercise was. A low point in the culture wars that hopefully doesn’t need to be repeated.”, said: “Selling was always a destructive, pointless project that should be forgotten forever.”The relief over Channel 4’s abandoned sale was not unqualified, however, as the network’s celebrated remit could be about to change dramatically.
A senior industry source said talks were already underway with ministers, with producers pushing for Channel 4’s “indie quota” — the proportion of its £700M content budget spent with truly independent production companies — to be increased from its current level of 25%. Other producers echoed this sentiment. “Independent production companies must be protected at all costs,” said Fulwell’s Pearlman. “Young talent, in particular from the regions, must be given every chance to grow and new voices from all sectors of society must be encouraged and supported.
Channel 4 declined to comment on the leaked government email about privatisation. Alex Mahon, the broadcaster’s chief executive, told staff to keep quiet until an announcement has been made.
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