Let me tell you a little story about BBC finances.
This is particularly relevant as they cut £80 million.
BBC has an exporting arm called BBC Worldwide with sales in excess of £1 billions.
Because of Brexit, BBC Worldwide is losing £100 million per year
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This is particularly relevant as they cut £80 million.
BBC has an exporting arm called BBC Worldwide with sales in excess of £1 billions.
Because of Brexit, BBC Worldwide is losing £100 million per year
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This loss of revenue comes at the expense of US and European content.
There are rules within the EU that EU broadcasters and platforms (such as Netflix) should have a certain % of European content where the excellent BBC content did qualify but now it doesn’t.
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There are rules within the EU that EU broadcasters and platforms (such as Netflix) should have a certain % of European content where the excellent BBC content did qualify but now it doesn’t.
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Additionally, UK content - like the US content - will be subject to withholding taxes (up to 10% depending on the country) so sales will either go down by this % or will be replaced by other content.
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So all these brave BBC journalist crying for losing their jobs over these cuts can do a little effort and do a bit of investigation into how their company is going to be affected by Brexit. But they don’t want to upset their bosses and instead are crying for public support.
So all these brave BBC journalist crying for losing their jobs over these cuts can do a little effort and do a bit of investigation into how their company is going to be affected by Brexit. But they don’t want to upset their bosses and instead are crying for public support.
Meanwhile:
