BBC Slashes TV Budget By More Than $120M As It Grapples With Funding Freeze
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deadline.comEXCLUSIVE: The BBC has revealed that it will cut its television originals budget by close to £100M ($123M) over the next 12 months as its funding freeze bites.
The British broadcaster disclosed the figure to Deadline after it was not included in its annual plan, which was published earlier on Thursday and laid bare the scale of the cuts to come.
The BBC’s TV budget will decline by £96M from £1.84B to £1.75B over the coming year. The vast majority of the TV budget is spent on original shows.
The corporation is planning to divert more resources into radio and online content, with the services benefiting from budget increases of £13M and £27M respectively.
Read more on deadline.com
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