Brexit dismal media outlook
The victory of the Leave campaigners in the EU referendum offers no clear benefits to the audiovisual sector, whether we consider domestic and international broadcast distribution across Europe or the creative production sector
The present lack of a clear roadmap and climate of uncertainty promises to be harmful across the entire media sector at least in the short-term, raising the distinct prospect of a recession later this year or next, causing us to downgrade our forecasts from February this year
The Brexit process raises many issues and will be drawn out over several years as the UK finds its feet in the new world. If the UK audiovisual sector is to emerge relatively unscathed, it is vital that it retains its ties with the Single Market by joining the EEA. The alternative is unthinkable