EXCLUSIVE: Channel 4’s content chief Ian Katz has acknowledged that the UK broadcaster is going through a “tough time” amid widespread discontent over show cancelations and cash flow issues.
In an email to producers on Wednesday, Katz said he appreciated the support of indies, which supply all of Channel 4’s programming, but warned of more pain to come. Here’s the full email: As one of our valued production partners, I wanted to give you an update on the challenging commercial environment currently facing Channel 4 and the wider industry, and explain a little about how we are responding to it.
I’m acutely aware of what a tough time this has been for many indies and the freelance community as many broadcasters and platforms have reined back on commissioning spend.
As you know, advertising revenues have been significantly down for all commercial broadcasters through the first half of this year – even against the relatively cautious predictions on which we based our 2023 budgets.
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