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Channel 4 Deficit Will Be “Pretty Much Flat” In 2024, Alex Mahon Reveals
Channel 4's deficit will be flat for 2024, says Alex Mahon, following a record 2023 in which the 'Gogglebox' network was hit by the economy.
The Channel 4 annual report will reveal more in the coming months but the network’s boss told a committee hearing today “we are pretty much on a flat deficit [for 2024] so that’s positive,” while she said revenues will be up around 1% for full-year 2024. “But perhaps most importantly we grew our performance with audiences,” Mahon added, pointing to streaming views rising 15%, double that of Netflix, which has been attracting plaudits this month due to Adolescence. Channel 4 was given the power to produce its own shows for the first time when it avoided privatization in late 2022 and has since been slowly going about putting a plan in place, drafting in former Banijay UK boss Lucinda Hicks to advise and speaking at length with the production sector.
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