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Francois said “DAZN appears to be trying to double down on Italy in the prospect of their expected IPO. Sky is probably more relaxed than in the past about holding rights.”
The Telegraph’s carefully executed outsourcing of print advertising sales to Mail Metro Media fine-tunes its subscriber-first strategy.
Consolidation and collaboration are inevitable in a highly-competitive, structurally-shrinking news industry.
Reader-first models have emerged as the consistent theme for quality publishers, but the trade-offs, investment approaches and executions are highly differentiated.
Gill believes the £1.5bn target is bold, but added: “While it is notoriously difficult to make money out of kids programming, if the BBC happens to devise the next Peppa Pig, the return from merchandise could be huge."
She added “The BBC has a very strong brand globally, and if it could commercialise its audio output and/or news via a subscription service outside the UK there is potentially a large market. You could see people paying a few pounds a month to have access to Radio 4, for example, via BBC Sounds.”
Gill said GB News will "play impartiality in a different way." She predicts some shows may skew left, while others hew right, evening out the appearance of bias across the network. But all programs, she predicts, will revolve around opinionated individual commentators — a different dynamic on British television.
She added "For a new channel launching into this market that is not backed by an ITV, or a BBC or a Sky — how are you going to get an audience in the first place? That's going to prove incredibly difficult."
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The Creative Industries accounted for 6% of UK GVA in 2019, more than the automotive, aerospace, life sciences and oil and gas industries combined. The UK’s Creative Industries are the largest in Europe and are central to promoting the UK’s soft power globally.
At the core of the creative economy is the AV sector, which, in turn, is driven by the UK’s PSBs. In 2019, the PSBs were responsible for 61% of primary commissions outside London and are the pillar upon which much additional regional economic activity depends.
Going forward, only the PSBs are likely to have the willingness and scale to invest in production centres outside London with sufficient gravitational pull to reorientate the wider creative economy towards the nations and regions.
Ofcom’s full fibre regulation statement, released today, is largely as trailed, i.e. it allows BT’s Openreach considerable relaxation of wholesale pricing in return for building out full fibre.
On the longer-term regulatory prospects, Ofcom continues to be fair but more obtuse than it could and should be, unnecessarily dampening investor enthusiasm. Ofcom will decide on a case-by-case basis whether to allow Openreach to offer geographic/volume discounts, using slightly contradictory principles.
The publication and increased certainty may allow BT’s Openreach to extend its full fibre roll-out further, faster or even with external financing. The build plans of others will come under increasing question.
Karen said: “While the results of this auction is a very positive upside surprise for the operators — almost all of whom have something of a cash crisis going on — the exchequer will be disappointed that the proceeds are around half those that they might have expected.”
Karen said: "The cash-strapped operators have little appetite for driving up their spectrum bills particularly given the significant costs to them of the Huawei ban and ongoing revenue declines in the sector in spite of booming volume growth."
The wave of deal-making in the European towers sector is driven by cash-strapped telcos seeking a form of sale and leaseback financing.
While the operators are incentivised to provide a medium-term growth trajectory for these towers companies, sustainability of that growth is more questionable, especially as 5G will not require additional base stations.
Cellnex continues to insinuate itself into the UK market with its most recent deal signaling the ultimate unwinding of the MBNL JV. Further UK towers consolidation seems a long way off but could facilitate, or indeed be facilitated by, consolidation at the MNO level.