Viacom’s UK production studio has set its sights on moving into drama and children’s programming as its sister broadcaster Channel 5 plots life after Big Brother. C5 unveiled its first annual finan…
C5 unveiled its first annual financial results since the decision to cancel the long-running Endemol Shine format and despite a slight dip in turnover, it revealed that spent 2% more on original programming than in the previous year.
Turnover for the fiscal year of 2018, which ran to the end of September, was down from £379.7M to £376.3M with operating profit down from £45M to £39.9M. However, the company said that the latter’s decrease was down to a “decision by management to increase spend on UK original programming by 2% despite a decrease in turnover”. Its total content spend last year was £232M, which includes all programming spend including acquisitions.
It is now turning its attention to the scripted genre and recently handed its kids strand Milkshake a major boost. Last August, Deadline revealed that C5, led by director of programmes Ben Frow, had ordered its first original drama in four years with the commission of four-part psychological thriller
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