Brexit


TBI’s Top 10 Stories of the Week

Our exclusive Distributor Survey 2016 has been top of the agenda this week on TBIVision.com – providing readers with insights into the main issues affecting global television sales in 2016. Elsewhere, our report on new AMC drama The Son, and stories on the BBC’s first TV Everywhere initiative, Swedish in-demand stats and Sarah Muller’s move […]

Brexit fails to dampen TV ad revs

Global ad revenues are set to grow healthily this year, despite pre-Brexit fears that the UK’s decision to leave the EU would have a negative impact. There has been a ‘mild weakening’ in the UK, but no widespread cuts to advertising budgets, a report has found. Media agency ZenithOptimedia tracks ad spend and publishes global […]

Industry group to examine Brexit impact

A new Creative Industries Council working group is being established to identify issues and opportunities across the creative industries, following the referendum outcome to leave the EU. The government and industry-backed Creative Industries Council has created a new working group to assess the impact of Brexit on the UK TV and media sector. John McVay […]

UK’s creative industry ‘can lead post-Brexit growth’

The UK’s creative businesses can lead economic growth in a post-Brexit Britain, according to the government and industry-backed group the Creative Industries Council. It said the prospects for the country’s creative industries remain strong after the recent vote to leave the European Union. It has outlined an ambitious plan to grow the country’s exports from […]

Brexit: what does it mean for kids TV?

The kids TV business is starting to weigh the impact of Britain’s pending European Union exit. The kids sector in the UK was already under pressure, with the amount of locally made content steadily declining, and there was immediate concern over what Brexit will mean in terms of coproduction, access to EU funding and schemes, and […]

UK media reacts to Brexit

Industry groups and companies are continuing to react to, and weigh the impact of, the UK’s decision to leave the European Union. With the two main political parties in the UK involved in leadership battles and sterling and share indexes taking a post-Brexit hit, the media and creative industries have reacted to last Thursday’s vote. […]

Discovery hedges against Brexit impact

US-listed Discovery Communications has said its programme of currency hedging will insulate it from the financial impact of last week’s Brexit. The value of sterling fell sharply in the wake of UK voter’s decision to take the country out of the European Union and huge global media companies including Discovery are hoping they have measures […]

Brexit will ‘blow up’ coproduction foundations

The foundations underpinning European coproductions have been “blown up” by the UK’s decision to leave the European Union, an industry body is warning. The TV industry has been plunged into uncertainty after the British public voted to leave the EU, with Prime Minister David Cameron subsequently saying he will step down. Various companies and individuals […]

Liberty Global sounds Brexit warning

Liberty Global will likely hold back on any further investment in the UK and deploy its capital elsewhere in the event of a Brexit vote next week, according to president and CEO Mike Fries. Liberty shareholders yesterday approved a £700,000 (US$1 million) donation to the Remain campaign. Fries told the Financial Times that a leave […]

Brexit ‘poses £1bn threat’ to UK ads

Exiting the European Union could cost the UK £1 billion (US$1.5 billion) in lost advertising revenues, according to data from media agency ZenithOptimedia. It said that while the short term effect would be minimal, ‘Brexit’ could cost the UK £70 million in advertising spend growth annually, equating to £1 billion by 2030. It did not […]