Company pays for Queen fakery
The stock price of RDF Media, makers of the BBC documentary about Queen Elizabeth II containing faked footage, fell 19% to 187.5 pence ($3.85) Friday after commercial broadcast giant ITV said it had stopped commissioning shows from the producer.
In a statement to the London stock exchange the combo behind “Wife Swap” and “Faking It” said: “The directors do not consider that a pause in commission-ing by ITV will have a material impact on the group’s results in the current year.
“RDF expects contracted revenues from ITV to account for approximately 11% of the group’s total revenues this year. The directors remain confident of pros-pects for the full year.”
Recently ITV topper Michael Grade announced a “zero tolerance” approach to any supplier that deliberately misleads audiences.
RDF Media has apologized to the BBC, which commissioned the doc, for the mistake in editing, which wrongly depicted the British monarch walking out of a photo shoot with celebrity photographer Annie Leibovitz.
On Wednesday the pubcaster announced it would not commission any more shows from RDF pending the results of an inquiry into the incident.
Terrestrial webs Channel 4 and Five will continue to use RDF.
Meanwhile, speculation continues that police will investigate the competition rigging in BBC fund-raising shows including “Comic Relief” and “Children in Need.”
Several BBC staffers have been suspended following the admission that the faked competition winner in kids’ show “Blue Peter” — resulting in a $100,000 fine for the corporation — was not a one-off occurrence.