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FutureStarrThe Independent Production Industry (Channel 4)"
Channel 4's success was created by the independent production industry. Channel 4 commissions approximately 300 independent production companies each year to develop new programming for its channels. A range of genres and topics are covered, including music, drama and comedy. The BBC, which owns the rights to numerous films, has created a number of television shows for the channel. Additionally, the BBC has several films and series that are in development. In addition it is a major source of British content.
A regional office of the British broadcaster is also located in Glasgow. These regional offices are dedicated to commissioning programming that appeals to audiences outside of London. As a result, Channel4 can draw an array of talent for its programmes. Channel4 has a dedicated director for nations and regions, Stuart Cosgrove, who helps develop relationships with independent producers outside of London. As part of its plan it is seeking to reach out beyond the capital, and to expand its reach.
Channel 4 has also expanded its reach beyond London. Today, the headquarters of Channel 4 are located in Leeds. The creative hubs are located in Bristol and Glasgow. This expansion has created more opportunities for local producers. The organization is still reliant upon the traditional broadcaster industry to provide programming. This is the reason behind its financial instability and reliance on advertising revenues. The company's loss in 2008 was PS74 million, the highest in 38 year. In reality the BBC has cut PS150 million from its PS660m budget, in the wake of the BBC's financial crisis.
Channel 4 continues to finance its productions, despite the problems that the British broadcaster. This is made possible by a partnership with independent production firms. The network currently has four production studios across the world and four consumer product companies. Stuart Cosgrove is the media giant's dedicated director of countries and regions. He is located in Glasgow. His job is to create relationships with independent producers who are not in London. The BBC's local programming teams have an identical relationship with independent producers.
Channel Four was initially privatized at PS1 billion. While it has an in-house production arm, it does not own the rights to create its programmes. Its only assets are rights to air its shows in the UK. The content is distributed worldwide and is viewed by the greatest number of people. Thus, the business is largely dependent upon the rights and profits of the productions. The network, for instance, is a non-profit organization that has low profits.
The company has been a media player for more than 20 years. Its primary goal is to create high-quality documentaries and TV shows for the general public. Its main competitors are BBC, ITV, and ITV. A successful Channel 4 acquisition requires the buyer to sign a range of terms that will benefit the company. The buyer must be open to the possibility of making changes to its business model. Its aim is to make life easier for viewers.