Extract from Estimates Day debate (Commons) on the Department for Digital, Culture, Media and Sport - Mar 10
Thursday, 11 March 2021 08:04
Damian Collins (Folkestone and Hythe) (Con) [V]:...Finally, the
pandemic has also had a big impact on the advertising industry and
broadcasting revenues from advertising, just as other media have
struggled with revenue from advertising. There is no guarantee that
this money will bounce back, particularly as audiences are
increasingly diverting their attention to online services—social
media to receive news and on-demand platforms to view content.
Increasingly, many people spend time not...Request free trial
(Folkestone and Hythe) (Con) [V]:...Finally, the
pandemic has also had a big impact on the advertising industry and
broadcasting revenues from advertising, just as other media have
struggled with revenue from advertising. There is no guarantee that
this money will bounce back, particularly as audiences are
increasingly diverting their attention to online services—social
media to receive news and on-demand platforms to view content.
Increasingly, many people spend time not watching broadcast
material at all, but playing games and doing other things online.
This potentially undermines the public service broadcasting model
in this country. I welcome the fact that we have the PSB review,
but we need to understand that the long-term impacts of rising
production costs for television due to the impact of Netflix and
Amazon Prime and of
declining advertising revenues because of switching audience
attention are fundamentally changing the market, and if we have
media that-
Madam Deputy Speaker ( ): Order. I am
afraid we do have to move on...
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