BSkyB in pic pact with U.K.

British Sky Broadcasting has finally closed a three-year output deal for pay TV rights to movies backed by British Screen Finance, the U.K.’s semipublic film-funding body.

The deal will bring at least $ 9 million of new financing to U.K. film production and ensure that a minimum of 10 British films a year will get their TV premiere on Sky’s premium movie channels.

“We plan to use this deal as the basis for an open offer to British producers guaranteeing them a pay television license fee for all films receiving a meaningful theatrical release in the U.K,” Sky’s program chief David Elstein said.

Previously, Sky transmitted almost exclusively American films obtained through long-term output deals with the Hollywood studios.

“We welcome the deal with Sky TV, which represents a genuinely new source of revenue for British films,” added Simon Perry, chief exec of British Screen. “It will enable British Screen to expand its activities and will lead to more films being made.”

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More TV News from Variety

Loading