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
TfLlunchbox500x500
 
Designed by creative agency Crush Creative, the guide includes a set of colourful, illustrated assets that draw on TfL’s heritage and serve as a toolkit for licensees developing products for young audiences....
Tulipop500x500
 
Tulipop Studios - creator and owner of the Icelandic character-based Tulipop IP - is growing into new markets having secured a number of fresh deals....
YakkaDee500x500
 
Rachel Bardill and Liz Keynes - both well known and respected family and children's brand strategists - have come on board to further drive awareness for the preschool show....
AliceBurden500x500
 
In her new role, Alice will be responsible for steering and driving forward the strategic and creative direction of Toon2Tango, focusing on storytelling and creative development....
job
 
H&A is looking to further strengthen its team with the appointment of a supply chain planner....
SManners500x500
 
Industry trade body, Licensing International has responded to Labour's Budget from earlier this week, saying that moving forward 'beloved brands' will be more important than ever before in providing a point of difference....
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.