They will also give the UK media watchdog the power to draft and enforce a new video-on-demand code, aimed at setting standards for 'larger TV-like services' such as Netflix, ITV Hub and Now TV to level the rules with traditional broadcasters. The maximum fine for a breach of the code will be £250,000 or an amount up to 5% of their revenue, whichever is higher. Mr Wallace has said he feels Channel 4 produces some 'great creative content' but that it is 'not the Government's business to run a television channel'. He spoke as the Government releases a White Paper which provides a first look at proposed plans for the channel to be privatised. Speaking to ITV News, Mr Wallace said: 'It'll be good for it. Channel 4 will be able to commission or actually produce its own work, not just commission from other people or productions. The Government is to overhaul the public service broadcasting remit so that TV channels no longer need to have 'leisure' shows about cooking and gardening.Ĭonfirmation of the Government's decision to privatise Channel 4.Today's white paper promises a 'golden age' of programming and make the British broadcasting system 'fit for the streaming age', including: It will be allowed to compete and produce further good programming.' 'It will allow it to raise funds in a way that it can't do when it's a nationalised organisation.
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