By Jake Kanter International TV Editor The BBC has set out plans to find additional savings of £125M ($156M) this year after making clear that its fixed licence fee income does not mean it is immune to the coronavirus crisis.
The licence fee generates £3.7B ($4.6B) for the BBC, but the British broadcaster’s commercial arm, BBC Studios, has taken a revenue hit during the pandemic, and the corporation has pledged to continue funding free TV licences for people over the age of 75.
The financial damage was outlined internally by director general Tony Hall on Wednesday and reinforced in an email to staff on Thursday from group managing director Bob Shennan. “We’re not immune from the challenges faced by economies and businesses around the
Read more on deadline.com
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