EMP publishes research on impact of Brexit
Our research has found that UK-based international broadcasters face very serious challenges in a post-Brexit world, and we predict that the consequent impact is likely to start being felt in the summer of 2017. The UK is currently by far the biggest location in the EU for companies broadcasting television channels to other EU member states, but our research has identified that this pre-eminent position is now under threat.
Whilst it isn't usual to think of television channels as a commodity which countries export, in the case of the UK, exporting television channels is a very substantial business. The UK has a large domestic broadcasting market, a stable andwell-respected regulatory regime, good access to highly-skilled workers,availability of excellent post-production facilities and a range of satellite uplinks and technical transmission providers. A large part of the business activity that this industry supports is currently pan-European.
In analysing the potential consequences of Brexit, our team has looked closely at the EU's Country of Origin (COO) principle which is enshrined in the Audio-Visual Media Services Directive (AVMSD) and creates a common area for broadcasters. Most experts and industry leaders we have consulted agree that any form of Brexit which puts the UK outside the AVMSD licensing regime is likely to threaten the status of the UK as a major television industry hub. We predict that channels will look to leave the UK and meet the COO requirements of an alternative EU member state. We have found several countries already keen to attract broadcasters from the UK, and we have also explored the potential for different options of satisfying the Country of Origin principle in those countries.
To receive a copy of our report please email elizabeth.diaferia@expertmediapartners.com
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