Channel 4 today unveiled an ambitious five-year strategy to reshape the organisation and accelerate its transformation into an agile, genuinely digital-first public service streamer by 2030.
The strategy – called Fast Forward – will ensure Channel 4 embraces the generational shift that is taking place in TV viewing, to elevate its impact across the UK and stand out in a world of global entertainment conglomerates and social media giants.
Fast Forward is designed to get Channel 4 into the right shape for the 2030s and protect its long-term sustainability: focusing investment in distinctive, streaming-friendly British content and social media; growing diversified revenue streams; and reengineering the business to become leaner, simpler and nimbler, divesting from legacy operations to support digital priorities.
Main points are that :
there will be a move to more streaming based options, with more FAST channels to give viewers access to more of their favourite content online, and a goal to increase subscribers to Channel 4+ adfree streaming service.
Moving out of Channel 4’s London base in the next few years. The broadcaster has also confirmed it is moving out of its Horseferry Road HQ over the “next few years.”. With 600 roles based outside of London by the end of 2025, lower headcount in London overall, and a shift to flexible working, Channel 4 will find a new fit-for-purpose office space in central London
Proposing to close small linear channels that no longer deliver revenues or public value at scale, including the Box channels in 2024 and others at the right time.