This ad will be closed automatically in X seconds.

“I think it would be great to see a British Netflix”

New Ofcom data shows video streaming services now have more subscribers than traditional pay TV in the UK.

Media regulator Ofcom has said that British TV will need to change the way it operates if it wants to compete with video streaming services such as Netflix.

New data from Ofcom has shown that services like Netflix and Amazon Prime now have more subscribers than traditional pay TV services in the UK.

According to BBC News, nearly 40% of UK households now subscribe to Netflix, Amazon Prime or Now TV. The 15.4 million subscriptions have now passed the 15.1 million who pay for Sky, BT, Virgin and other satellite/cable providers.

Ofcom has also revealed that spending on TV by the BBC, ITV, Channel 4 and Channel 5 has dropped by nearly £1 billion over the last 20 years. The decrease from £3.4 billion to £2.5 billion represents a 28% drop in spending.

Viewing among five to 15s was down 15% in 2017 and for 16-24s it was down 12%. However, 16-34s now watch around an hour a day of material on YouTube on phones, tablets or computers.

Ofcom’s chief executive, Sharon White, said that it “would be great to see a British Netflix”.

“We’d love to see broadcasters such as the BBC work collaboratively with ITV, Channel 4 and Channel 5 so that they have got that scale to compete globally, making shows together, co-producing great shows that all of us can watch,” Sharon commented on BBC News.

Talks between BBC, ITV and Channel 4 have already taken place, looking at the prospect of creating a joint streaming service to compete with Netflix and Amazon, said the BBC.

Want to read more news like this? Simply sign up to our daily digest by clicking here. You can also follow @LicensingSource on Twitter.

MORE NEWS
SeminalBigPicture500x500
 
The company has appointed Big Picture Licensing to support and represent Seminal as an introducer agent model to identify and develop new innovative licensing partners on a global basis....
Smileypopups500x500
 
The move follows the success of the brand's franchise stores in China....
TomGatesstageshow500x500
 
Dynamic doodler, homework-hater and lover of snacks Tom Gates and his 'brilliant' world are being brought to life for family audiences across the UK in a new live show, Tom Gates EPIC Stage Show....
POPMoomin500x500
 
The partnership is part of the Moomins’ 80th anniversary celebrations in 2025 and marks the first of two collection releases, with the second due to debut in spring 2025....
HAAmbassadorsgroupshot500x500
 
The first ever celebratory lunch for the Honorary Achievement winners from The Licensing Awards and the Brand Licensing Ambassadors from the Brand & Lifestyle Licensing Awards took place yesterday (20 November)....
PeugeotWildBrain500x500
 
WildBrain CPLG will represent the Peugeot brand globally across selected lifestyle categories including home and garden, electricals, sports equipment, toys and infant products....
Get the latest news sent to your inbox
Subscribe to our daily newsletter

The list doesn't exist! Make sure you have imported the list on the 'Manage List Forms' page.