This arises from the latest forecast by the consulting firm Ampere Analysis. It examines the current and potential future strategies adopted by Europe’s largest commercial broadcasters to tackle these challenges.
The BBC is the largest spender on original TV production in the UK, investing £1.2 billion, with over 70% of its annual TV budget dedicated to original titles, according to Ampere Analysis.
The major global streaming platforms (Netflix, Prime Video, Disney+, Apple TV+, Paramount+ and Max/HBO Max) will invest US$42 billion in original and acquired film and TV content this year, the latest Ampere Analysis forecast suggest.
Italian media group MediaForEurope sees building a continental TV supergroup as the answer to challenges posed to Europe’s traditional domestic broadcasters by global streaming services, Ampere Analysis remarked in its latest report.
As the UK government plans to push ahead with the privatization of Channel 4, Ampere Analysis decided to investigate what implications this decision would have on UK’s TV sector.