Unscripted TV production has too few customers

Another very good article from the consistently smart Sarah O’Connor in the FT[£].

There’s little more to add than that Bectu members can substitute ‘broadcast commissioners’ for ‘supermarkets’ and a lot of this will ring true for them. It’s the big story in the factual / entertainment sector but it also applies, to some extent to drama.

They may not quite be a monopsony, but they’re not far off. Production companies are forced to compete in a race-to-the-bottom in terms of prices, with all that this entails.

Monopsonies are bad for business and need market-correcting regulation. For such an important part of the economy not having such regulations is a policy failure.

 

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