The benefits of Canal 5 belonging to Paramount fall; The content spends at the top
Channel 5’s profits and operating sales decreased last year, but the British network of Paramount Skydance continued to invest in local content.
Published on the Maison des Companies du Kingdom, the first profits from Channel 5 since the merger of Skydance led by David Ellison were biased by a payment of 80.9 million pounds Sterling (109 million dollars) from Sky Media in 2023 after the advertising house accidentally underpayed its partners.
The operating profit of Channel 5 was 21 million pounds Sterling last year, which was down 81% against 112.4 million pounds sterling in 2023, when payment of the Sky media was received. The income fell by a fifth of 399 million pounds sterling to 318 million pounds sterling over the same period.
Dysking money from the Sky media and the image was somewhat brighter for Channel 5, the network behind the series that All creatures are large and small and BAFTA winner White nanny, black child. The operating profit was 12 million pounds sterling in 2024, compared to 22.7 million pounds sterling the previous year. Income fell by 1% to 314 million pounds sterling.
Anyway, Channel 5 continued to be in the dark. The diffuser has made operating profit over nine of the past 10 years, with the exception of 2020, when the advertising market has dropped during the pandemic.
The closest competitor to Channel 5 in the United Kingdom is Channel 4, which recorded a deficit before tax of 2 million pounds Sterling last year on the back of income which increased by 1% to 1.04 billion pounds sterling.
The director of chief content of the United Kingdom of Paramount, Ben Frow, often comes across the importance of Channel 5 for the British creative community and his willingness to take risks, such as his fruitful passage in the theater in recent years.
Channel 5’s profits showed content spending at a three -year summit of 216.6 million pounds sterling in 2024, while the competitor Channel 4 reduced expenses from 3% to 643 million sterling pounds, the lowest level since 2020.
Channel 5 also praised the performance of its streaming platform, now known as 5. The service has increased its visualization by 53% compared to 2023, which makes it streaming which experiences the fastest growth among the public service diffusers of the United Kingdom. His biggest title was My wife, my attackerA documentary highlights a man who was mistreated by his wife for 20 years.
Speaking at the Edinburgh TV Festival in August, Frow said that Channel 5 would be supported in a new era for Paramount, revealing that he had received insurance from the new international chief Kevin Maclellan. “I had a conversation with the new boss, who said he was very interesting on Channel 5. We can do much more for the business. He talks about my kind of language,” said Frow.
