British broadcaster Channel 4 is looking to double down on drama series that are “too hot to handle” after warning that it is being priced out of top tier drama productions. Ian Katz, director of p…
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But he added, “My real concern is that we are able to fully fund the stories that are important for a Channel 4 audience, that are very specifically British or are simply too hot to handle for any other broadcaster. I think about shows like. In order to make sure that we can fully fund those very British productions, we need to make sure that we stretch our budget by doing a certain number of co-productions and a certain number of different models of funding.
The committee, which was discussing the future of public service broadcasting in the age of video-on-demand, questioned Katz and his boss, C4 CEO Alex Mahon, on whether it had become a sellers’ market in terms of high-end drama. Mahon, who previously ran British superindie Shine Group, said that she didn’t believe this was the case. She added that while some production companies would be interested to sell their shows to global SVOD services in return for giving up their IP for one large cheque, others with an eye on selling their production companies may not.
“When the funding levels from the SVODs are very high, which they are at the moment, it can be very attractive to sell the rights for a higher upfront price and that is completely understandable when you’re running your own business. I do think that if that continues in our industry for a certain number of years, we are in dangerous territories because the strength of exports and the global soft power has come from having a set of companies that own their underlying intellectual property.
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