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BBC Facing $113 Million Funding Gap After Lower Than Expected License Fee Hike
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variety.com
variety.comNaman Ramachandran The annual license fee for the BBC will rise by £10.50 ($13.20) to £169.50 ($213.35), lower than what the corporation expected, causing a funding gap of £90 million ($113 million).
As revealed in the BBC’s annual report, the bulk of its income was from the license fee paid for by the public, which accounted for £3.74 billion, £60 million down from last year.
The licence fee was been frozen for two years at £159.50. The license fee rise was linked to September’s rate of inflation, which was lower than preceding months, rather than an average of the past year and is lesser that the 15% anticipated.
The fee, which will come into effect from April, 2024, has risen by 6.6%. This is expected to cause a funding gap of £90 million.
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