BBC Annual Plan Reveals Savings of More Than $1 Billion, Details Threat of Global Streamers
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variety.comNaman Ramachandran The BBC will deliver £880 million ($1.21 billion) of annual savings this year, more than its target of £800 million ($1.1 billion), and has achieved this ahead of schedule, it was revealed it its yearly plan.The plan also projects that ongoing savings will rise above £950 million ($1.31 billion) for the next financial year.
The corporation’s previously stated plans of reducing headcount is also on track, with 900 “public service” staff opting for voluntary redundancy, by the 2021/22 financial year, the plan discloses.The BBC is keenly aware of competition from deep-pocketed global streamers like Netflix, Amazon Prime Video, Apple TV Plus and Disney Plus.
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