Channel 4 ups UK investment
CHANNEL 4 yesterday posted an annual pre-tax profit of £44m, down 19 per cent, as its share of viewing declined slightly.
But revenues climbed by £6.2m to £941.4m, boosted by profits from box office success The Inbetweeners Movie, prompting the broadcaster to increase its budget for UK commissions by £5m to a historic high of £455m.
Channel 4 said it remains the commercial market leader in video-on-demand services, with 429m full-length programme views initiated – a yearly increase of 15 per cent.
Chief David Abraham earned £701,000, including a £490,000 salary and an £88,000 cash bonus.