Subscribe to the daily newsletter.

Channel 4’s revenues are up – but spending in the regions falls 12%

shameless_0

Channel 4 spending in the regions saw a sharp decline in 2014, the channel’s annual report has revealed.

Spending on content from production companies outside London totalled £153m last year – across the entire Channel 4 portfolio – which represented a 12% decline on the year before.

The cancellation of Shameless hit regions spending The cancellation of Shameless hit regions spending

Channel 4 highlighted Hollyoaks and Channel Four Racing as key Northern commissions, but said the cancellation of Paul Abbott’s Shameless – which aired for an 11th and final series in 2013 – was to blame for the decline.

The report also revealed that 52% of all first-run original programmes on Channel 4 were sourced from suppliers based outside London, a 3% decline, although still well ahead of Ofcom’s 35% licence quota.

Overall, Channel 4 revenues were up £30m to £938m, with advertising and sponsorship revenues rising £23m to £869m. Channel 4 sales house revenues exceeded £1bn for the fourth successive year.

Chief executive David Abraham said: “Strong growth in revenues has enabled us to meet our break-even target and we have been able to launch a number of innovations to support the future sustainability of Channel 4’s not-for-profit model.

“Both culturally and financially Channel 4 continues to punch above its weight and make a huge contribution to the creative sector at no cost to the UK taxpayer.”

Related News

Related Jobs

Digital Marketing Consultant

BDB

Head of Production

THG Studios

Design Director

Creative Spark Ltd