×
You will be redirected back to your article in seconds

BBC points to $10 billion contribution

Report backs corporation's funding campaign

LONDON — The U.K.’s creative industries would be worse off to the tune of at least £5 billion ($10 billion) if the BBC did not exist, according to a report commissioned by the org’s governing body the BBC Trust.

The report, titled “The Economic Impact of the BBC on the U.K. Creative and Broadcasting Sector” puts the overall contribution of the pubcaster to the U.K. economy at approximately £6.5 billion ($13 billion) a year, of which £5 billion ($10 billion) is invested in the creative sector alone.

Carried out by PricewaterhouseCoopers, the research is the latest contribution to the increasingly heated debate over public service broadcasting in Blighty, which has seen commercial rivals calling for a share of the $6 billion in public funding that the BBC receives annually.

According to the report, though, “a substantial reduction in or removal of license fee funding would serve to reduce the available funding for the broadcasting sector as a whole.”

In particular, the report points to the BBC’s “significant investment in both in-house and independent production” as a key factor behind the growing success of U.K. programming around the world.

“The BBC plays a leading role in the U.K. creative and broadcasting sector by helping to stimulate, develop and sustain investment in high-quality broadcast content,” it argues.

“Without the positive impact of the BBC, other parts of the creative sector, ranging from the U.K. film industry to orchestras and language services to the nations, could be greatly diminished or lost.”

The report also highlights the BBC’s strong track record in training, as well as in developing new technology and platforms, such as digital TV, as other major benefits to the U.K. overall.

Speaking at a European Union conference on public-service broadcasting Thursday, Michael Lyons, chairman of the BBC Trust, pointed to the research as evidence of the continued importance of public service broadcasting across Europe.

“The message is an important one: successful and accountable public service broadcasters bring positive benefits to the overall creative economy — and this can apply not just to the U.K., but to Europe as a whole.”

However, the report also highlights areas where the BBC could have a negative impact on commercial markets and Lyons is keen to see the corporation working more closely with commercial rivals.

“The executive is now actively exploring new ways to bring the benefits of the BBC’s scale and public investment to the whole sector and we expect to see detailed proposals before the end of the year,” he said.

More TV

  • 50 Cent Power

    NYPD Officer Under Investigation for Allegedly Telling Police to Shoot 50 Cent 'on Sight'

    A New York City precinct commander is under investigation for allegedly telling officers to shoot rapper 50 Cent on sight, a police rep confirmed to Variety on Sunday. “The matter is under internal review,” an NYPD rep said, declining to answer further questions. Deputy Inspector Emanuel Gonzalez is accused of telling officers during a June 7 roll [...]

  • Bohemian Rhapsody

    'Bohemian Rhapsody,' 'Marvelous Mrs. Maisel' Among Cinema Audio Society Winners

    Queen biopic “Bohemian Rhapsody” won the Cinema Audio Society’s top prize for sound mixing at Saturday night’s 55th annual CAS Awards. The film is Oscar-nominated for sound mixing this year along with “Black Panther,” “First Man,” “Roma” and “A Star Is Born.” In a surprise over heavy-hitters “Incredibles 2” and “Spider-Man: Into the Spider-Verse,” Wes [...]

  • Marvelous Mrs Maisel Vice

    'Vice,' 'The Marvelous Mrs. Maisel' Lead Make-Up and Hair Stylists Guild Awards Winners

    Adam McKay’s Dick Cheney biopic “Vice,” starring Oscar nominees Christian Bale, Amy Adams and Sam Rockwell, won two awards at the sixth annual Make-Up and Hair Stylists Guild Awards Saturday night. The film won for best period and/or character makeup as well as special makeup effects. “Mary Queen of Scots” received the prize for period [...]

  • Jussie Smollett Good Morning America

    Jussie Smollett Angrily Denies Complicity in Attack

    Attorneys for “Empire” actor Jussie Smollett issued a statement Saturday denying that he orchestrated his Jan. 29 assault, and saying he is “angered” and “devastated” by recent developments in the case. Chicago police want to interview Smollett, after learning new evidence from two Nigerian brothers who were released on Friday night. Local media outlets have [...]

  • Jussie Smollett Empire

    Chicago Police Want to Talk to Jussie Smollett as New Evidence Emerges

    Chicago police are seeking to re-interview “Empire” actor Jussie Smollett, after new evidence emerged in his alleged assault. Smollett has claimed that two men attacked him at 2 a.m. on Jan. 29, yelled racial and homophobic slurs, poured bleach on him, and put a noose around his neck. The Chicago Police Department has consistently said [...]

  • Five Takes on Canal Plus, Federation’s

    Just Days Left to Catch Canal Plus’ ‘The Bureau’ on MyFFF

    The most lauded of titles on this year’s MyFrenchFilmFestival, UniFrance’s online showcase featured by over 50 OTT services around the world, may not be a film but a drama series. With four seasons aired, and a milestone in world sales on a French TV show, slow-boiling espionage series ‘Le Bureau des légendes’ (“The Bureau”) is [...]

More From Our Brands

Access exclusive content