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BBC Projects Deficit of $433 Million, 1,000 Hours of Commissioning Cuts in 2023/24 Annual Plan

Destiny Netflix BBC audience record Digital Platform

30.03.2023 - 12:19

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variety.com

variety.com:

Naman Ramachandran The BBC has published its 2023/24 annual plan that projects a financial deficit, the need to find increased savings and cuts of 1,000 hours annually in content commissions across its portfolio.

The corporation projects a total income of £5.53 billion ($6.8 billion) for the period, which includes its main source of income, the annual license fee, which accounts for £3.6 billion.

However, the license fee is frozen at £159 per year for two years. It will then rise in line with inflation for the following four years.

Factoring in operating costs and restructuring costs, the BBC is projecting a deficit of £352 million ($433 million) for 2023.

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