LONDON, September 15 (Hfrance.fr) - Channel 4, the UK-owned broadcaster public but commercially financed, will be able to access more money to compete withstreaming giants Amazon (AMZN.O) and Netflix (NFLX. O) Under private ownership, Culture Secretary Oliver Dowden will say on Wednesday.
UK government said in June that it plans to sell the broadcaster, launched it almost 39 years ago as a forward-thinking alternative to the BBC and ITV. A consultation ended on Tuesday.
Channel 4 criticized the decision. Its chairman told the Guardian in July that the government "was in danger of becoming sleepwalker in the irreversible and risky sale of a major, successful and much-loved British institution ".
Dowden, howeverdant, will say on Wednesday that he is concerned about his long term future.
"And I think if Channel 4 wants to grow then at some point given, he will need the money soon, "he said at the Royal Television Society convention, according to excerpts from his speech.
"Without it, Channel 4 will not have the money to invest in technology and programming, and it will not be able to compete with the streaming giants.
Channel 4, which aired the AIDS drama "It 'sa Sin " this year, is on a mission to provide stimulating and distinctive programming for an audience underserved by other broadcasters.
Rather than making programs, it commissions production companies, thus helping to support the success of the television industry British independent.
Channel 4 saidThis month, Ernst & Young's research showed that removing its unique publisher-broadcaster model could result in a £ 2 billion ($ 2.76 billion) reduction in its contribution to creative economy over 10 years.
Dowden will say that Channel 4's public service mission will not be watered down.
"So if we choose to make a sale, I will ensure that it remains subject to appropriate public service obligations " he will say, adding that this would cover a commitment to commission programs from freelancers.
($ 1 = 0.7243 pounds) Report of Paul Sandle; edited by Jonathan Oatis
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