The Government’s White Paper on Brexit offers little clarity for the UK’s £1 billion international broadcasting sector, according to the Commercial Broadcasters Association (COBA).
The UK represents a massive 21% of the European TV market, according to a new report by the European Audiovisual Observatory, with 1,203 TV channels out of 3,005 in the EU (28) based in the UK.
Discovery Communcations is planning to shut its European play-out centre in the UK as part of a global operation to move all non-live channels to a cloud based operation in the US.
Anticipating Brexit, Viacom International Media Networks (VIMN) and Viceland have started moving their broadcast licences from the UK.
Ireland has emerged as a potential haven for channels currently using the UK as their base to broadcast to Europe after the UK leaves the European Union.
The commercial broadcaster’s association COBA has welcomed the prime minister’s recognition of international broadcasters during her Mansion House speech on Friday.
Loss of access to EU markets could jeopardise £1 billion in annual investment from international broadcasters, according to a report published by the organisation representing Britain’s multichannel broadcasters.
Estonia is hoping to capitalise on Brexit and how it will affect TV broadcasting licences issued by the UK regulator Ofcom.
Over a thousand TV channels could be set to leave the UK in the next 18 months, according to industry experts EMP on the impact of Brexit.
Broadcasters that base themselves in the UK to reach audiences in continental Europe could pull out of the UK, depending on the outcome of Britain’s Brexit negotiations.