BBC 'biggest barrier' to BT's £60m takeover of YouView
Corporation bosses are said to be fearful of criticism it has used licence fee to 'subsidise' BT
BT is in talks to take sole control of the YouView television platform once seen as a successor to Freeview, reports the Daily Telegraph – but it needs to win over the BBC first.
According to the paper, the telecoms giant is seeking to buy out fellow shareholders, which alongside Auntie include TalkTalk, ITV, Channel 4, Channel 5 and Arqiva, the private company that owns the UK's television masts.
Most are said to be "keen to sell", with the Beeb seen as the "biggest barrier". Bosses at the publicly-funded broadcaster are said to be fearful of criticism that licence fee revenue was used to subsidise what will effectively become a pay-TV service.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The Telegraph suggests the knotty issue could come down to price: the BBC has pumped "tens of millions" into the project and may want to recoup its investment.
Originally BT had mooted it could buy out the shares it does not own for around £20m, but now "valuations in the region of £60m" are under discussion.
The BBC is also said to be concerned that some of the "public service" aspects of the organisation, such as a zoom function on the menu system to assist partially-sighted viewers, are retained.
Having started life as a plan to pool on-demand content from the BBC, ITV and Channel 4 under the name Project Canvas, YouView has had a chequered past. It was at one time seen as a replacement for Freeview but has effectively become a service for BT and TalkTalk subscribers.
TalkTalk would like to strike a deal to keep the service available to its customers, without the burden of funding "development of the technology". The company is instead setting its sights on app-based television services and last year acquired Blinkbox from Tesco.
All parties declined to comment.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Was the Azerbaijan Airlines plane shot down?
Today's Big Question Multiple sources claim Russian anti-aircraft missile damaged passenger jet, leading to Christmas Day crash that killed at least 38
By Harriet Marsden, The Week UK Published
-
Ukraine hints at end to 'hot war' with Russia in 2025
Talking Points Could the new year see an end to the worst European violence of the 21st Century?
By Rafi Schwartz, The Week US Published
-
What does the FDIC do?
In the Spotlight Deposit insurance builds confidence in the banking system
By Joel Mathis, The Week US Published
-
Labour shortages: the ‘most urgent problem’ facing the UK economy right now
Speed Read Britain is currently in the grip of an ‘employment crisis’
By The Week Staff Published
-
Will the energy war hurt Europe more than Russia?
Speed Read European Commission proposes a total ban on Russian oil
By The Week Staff Published
-
Will Elon Musk manage to take over Twitter?
Speed Read The world’s richest man has launched a hostile takeover bid worth $43bn
By The Week Staff Last updated
-
Shoppers urged not to buy into dodgy Black Friday deals
Speed Read Consumer watchdog says better prices can be had on most of the so-called bargain offers
By The Week Staff Published
-
Ryanair: readying for departure from London
Speed Read Plans to delist Ryanair from the London Stock Exchange could spell ‘another blow’ to the ‘dwindling’ London market
By The Week Staff Published
-
Out of fashion: Asos ‘curse’ has struck again
Speed Read Share price tumbles following the departure of CEO Nick Beighton
By The Week Staff Published
-
Universal Music’s blockbuster listing: don’t stop me now…
Speed Read Investors are betting heavily that the ‘boom in music streaming’, which has transformed Universal’s fortunes, ‘still has a long way to go’
By The Week Staff Published
-
EasyJet/Wizz: battle for air supremacy
Speed Read ‘Wizz’s cheeky takeover bid will have come as a blow to the corporate ego’
By The Week Staff Published