вЂњSelling this much-loved and entirely self-sustaining public service broadcaster will deal a major blow to the creative industries, who were among the hardest hit by the pandemic and continue to face a chronic skills shortage, and have major consequences for the U.K. taxpayer precisely nothing, yet gives us a thriving independent production sector, thousands of jobs and world-renowned, innovative content,вЂќ Philippa Childs, FEU president and head of Bectu, said in an accompanying statement. creative industries would be worse off by ВЈ2 billion ($2.4 billion), 2,400 jobs would be at risk and вЂњat leastвЂќ 60 production companies. The letter also cites research from analysts at Ernst and Young LPP who have found if the sale of Channel 4 goes ahead, the U.K.

In 2021 it reported a surplus of ВЈ101 million, and is a strong force for economic growth, boosting skills, creating jobs and stimulating growth across the creative industries.вЂќ The economic argument for privatisation, including the assertion that вЂa change of ownership will give Channel 4 the tools and freedom to flourish and thriveвЂ™, simply doesnвЂ™t stand up вЂ“ Channel 4 is demonstrably already thriving on its own. вЂњItвЂ™s difficult to understand the decision to insist on selling off such a profitable network. Culture Secretary Nadine Dorries, who is spearheading the privatization of Channel 4, the FEU wrote: вЂњwe strongly oppose this decision and urge you to reconsider the sale of a much-loved, highly successful cultural asset.вЂќ The Federation of Entertainment Unions (FEU), which is comprised of crew union Bectu, performing arts union Equity, the National Union of Journalists, the MusiciansвЂ™ Union and the WritersвЂ™ Guild of Great Britain, together represents over 120,000 creative workers in the U.K. The U.K.вЂ™s most prominent television and film unions have issued a joint letter opposing the privatization of public service broadcaster Channel 4.

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