UK TV production sector income falls by £400m as programming budgets cut

Revenue plunges as cash-strapped broadcasters spend less on commissioning amid ad slump and shift to streamingThe TV production sector in the UK suffered a £400m fall in revenues last year as cash-strapped British broadcasters reduced spending to the lowest level since the height of the pandemic.The latest annual industry survey found that total revenues made by UK production companies fell by £392m to £3.61bn in 2023. However, just as traditional broadcasters struggle, global