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Culture, Media and Sport Committee had recommended a levy on streamers like Netflix and Disney+ to fund British content, citing a potential £50 million annual boost, but ministers conclude it is unnecessary given current market health.

Two new Vice Presidents have joined the Executive Committee: Gudny Hummelvoll, from Hummelfilm and Paula Vaccaro, from Pinball London.

The Trustees will also chair judging committees for the Grierson Awards, which this year introduces two new categories.

His appointment follows a comprehensive search process led by the Nominating and Corporate Governance Committee. The exec is currently an Advisory Director at General Atlantic and previously served as its Co-President and Chairman of Global Technology.

Beggs succeeds Fred Cohen, who is stepping down but remaining as Foundation Chairman & Executive Committee Member, and his previous position as Treasurer of the Academy will be assumed by Bruce Tuchman, who is currently Secretary.