The Gogglebox format, which is owned by the production giant All3Media, has been sold in at least 16 countries including twice in the United States.
The fund is designed to allow Channel 4 to profit from such demand for British programme ideas, while allowing independent production companies to retain all their domestic intellectual property rights. The broadcaster was set up by the Thatcher government and is prohibited from owning the British rights to the programmes it shows.
The new fund will come on top of Channel 4’s normal budget and be drawn from the “significant financial surplus” it expects to generate this year after making deep emergency cost cuts when the pandemic struck.
It is expected to be a crucial part of the broadcaster’s fightback against claims from ministers that its business model will not survive the exodus of viewers to streaming services such as Netflix.
Source : https://www.telegraph.co.uk/business/2020/11/21/channel-4-investment-fund-aims-stave-sale/
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