Ten CEO Paul Anderson has warned local TV broadcasters and producers face a “very uncertain future” unless the price of licence fees is significantly reduced.
Anderson said increased competition from untaxed and unregulated players is bringing major challenges for local TV providers, after Ten revealed a $135.2 million write-down on the value of its TV licence in its full-year results announcement today.
“In order to continue investing billions in a strong Australian voice on screen, this sector urgently needs a significant reduction in television licence fees,” he said.
“Ongoing regulatory uncertainty is already stifling decision making, particularly around domestic content investments.
Anderson noted that Aussie commercial free-to-air TV networks pay more than any other free-to-air broadcasters in the world (3.375 per cent of gross revenue) at a time when fierce competition from online players continues unchecked by any licence fee, local content or corporate tax obligations.
“As we prepare to appear before yet another Senate committee hearing on the media ownership legislation next week, we are calling on the Parliament to take these reforms seriously and remove pre-internet era rules that are threatening diversity by making Australian media companies less competitive,” he said.
Locked down Victorians who don’t currently have an Optus Sport subscription will have complimentary access to Optus Sport from this weekend to enjoy the UEFA Champions League tournament plus access to premium health and fitness content through the Optus Sport app. UEFA Champions League – the world’s premier continental football tournament – kicks off at […]
Torrens University Australia has launched ‘Career Crush’ via VCCP Sydney and Lash, to help match students with a career they’ll love. Career Crush is an online quiz that determines prospective students’ personal strengths, passions and aspirations to match them with the careers and courses they’re most compatible with. One of the toughest decisions young people […]
Pedestrian Group has partnered with Nine subsidiary Mi9 New Zealand to offer NZ brands the opportunity to partner with the likes of Business Insider Australia, Pedestrian.tv and Gizmodo Australia. Next month, Mi9 New Zealand will be representing Pedestrian Group in the NZ market, offering clients the opportunity to work with leading youth publications including Lifehacker […]
ViacomCBS Networks International (VCNI), a division of ViacomCBS, is launching a premium streaming service internationally, appealing to audiences of all ages. The new SVOD service will start its international roll-out early in 2021, offering exclusive premieres of all new SHOWTIME series, including Halo and American Rust. CBS All Access originals will also premiere exclusively on the new service, such […]
As part of a larger project to refine their brand with partner branding agency Re, Optus have engaged experimental creative studio FutureDeluxe to explore how the iconic ‘Yes’ brand mark behaves in a sophisticated 3D environment. FutureDeluxe have produced a series of 8x idents and a number of static key visuals which will be used […]