Tag: Brexit

The Commercial Broadcasters Association (COBA), representing companies such as Discovery, AMC Networks, NBCUniversal and Fox Networks Group in the U.K., has criticized the government's White Paper on Brexit, arguing that it "offers little clarity" for their operations.

Losing access to EU markets from Brexit could jeopardize up to £1 billion in annual investment from international broadcasters to the U.K.'s television sector, according to a new report from the Commercial Broadcasters Association (COBA).

LONDON: Boosted in part by its content production and distribution business, ITV reported a 9-percent gain in profit before tax to £425 million ($558 million) for the first six months of the year.

British policy makers must work hard to restore confidence in the country's financial markets following the results of the EU referendum, Ampere Analysis has said as it warns of potentially "stark consequences for U.K. media." Britain's decision to leave the EU immediately caused the value of the pound to plummet, with stock prices taking a hit both locally and abroad.

LONDON: The chairman of the Independent Film & Television Alliance (IFTA) in the U.S. has called the U.K.'s decision to leave the European Union a "major blow" to its film and TV industry, while Pact has said it is "disappointed" with the move.