C4 to invest £25m into Film 4, Richard Klein no longer working with ITV, and Hulu could go head to head with Netflix : DTG Daily News 11th February 2016

C4 to invest £25m into Film 4

Over the next 12 months, Channel 4 plans to invest an additional £10m of funding in Film 4. This takes the funding up to a larger than ever £25m.

David Abraham, C4 chief executive, and David Kosse, Film 4 director, revealed the plan at an event celebrating the 22 Bafta and Oscar-nominated films it has backed this season.

Additional funding has been secured from Fox Searchlight, who co-financed Martin McDonagh’s new film Three Billboards Outside Ebbing, Missouri, and a year-year, four comedy feature film partnership with Entertainment Film distributors and FP Films.

“Film 4 will be substantially increasing its funding – which I hope will ensure that we are able to continue to nurture the next generation of filmmaking talent.” Said Abraham.

“In an increasingly global and competitive industry, building new and bolder partnerships across both production and distribution will ensure both that Film 4 is able to operate as a more self-sufficient part of C4 and that we continue to maintain high levels of funding into the film industry.” Said Kosse.

Richard Klein no longer working with ITV

Richard Klein, director of factual at ITV, is thought to have left the broadcaster in abrupt circumstances. This follows Kevin Lygo’s appointment as director of television.

Klein leaves after two and a half years at ITV, and prior to this was the boss of BBC4 for four and a half years.

Lygo is keen to change ITV’s commissioning structure and could potentially bring in a head of factual entertainment, with Optomen’s joint managing director Sue Murphy a potential frontrunner for the position. Other possible candidates could be Jo Clinton-Davis, the existing factual controller at ITV, and Alison Kirkham, acting head of genre at the BBC.

Hulu could go head to head with Netflix

Hulu is rumored to be considering a second attempt at expanding their streaming service internationally.

The last attempt failed in the UK in 2010, when advertising talks with ITV and other commercial broadcasters were called off. In 2014, the Japanese arm of Hulu was sold to Nippon TV.

Netflix’s recent expansion toward delivering global VoD appears to be giving Hulu reason to reconsider their plans to grow beyond the US.

John Nallen of 21st Century Fox, one of the Co-Owners of Hulu, commented on the focus of the service: “[it's] primarily domestic right now. I think there is an opportunity internationally for Hulu to compete, but that's a decision that all the shareholders would have to make at the time with the company."

DTG Staff  |  11.02.2016

Previous story  |  Next story