YouView funding split revealed
March 27, 2014
The BBC and other broadcast partners are set to drop their annual contribution to the YouView set top box venture by 85 per cent to around £750,000, (€883,000) leaving BT and TalkTalk to plug the funding gap.
ITV, Channel 4, Channel 5 and the BBC have been concerned that a platform originally created to give viewers free access to British-made programmes through on-demand has been hijacked by the telecoms companies as a pay-lite vehicle. Over the past four years, YouView has been funded and owned equally by its seven backers, which also include transmission company Arqiva. Each currently has a 14.3 per cent stake and this isn’t set to change/
YouView has already spent an estimated £140 million, and the deadline to agree future funding was set for the end of March. The shareholders have now agreed to a £100 million package, but the BBC, ITV, Channel 4, Channel 5 and transmission company Arqiva are believed to be cutting their contribution from an average of £5 million a year to £750,000.