Exact(47)
Savings also mean a 10% content budget boost.
This included an 8% – £50.3m – cut in the 2009 programming and content budget to £548.3m.
Sarandos has a $2bn annual content budget, and spends as much as 10% on developing that muscle.
The firm has five more original shows in train as part of a reported $300m original content budget over the next three years.
Radio 5 Live has a content budget of £45.3m, down from £49.1m last year, but also spends around £17m on distribution and "general support".
We now spend 85% of our content budget on digital content, and for many of our users, the service we provide is entirely virtual.
Similar(13)
The value of those rights has now spiralled, which has pushed up Netflix's content budgets and fuelled its drive to produce its own content.
This would allow other broadcasters to "migrate more easily on to new digital platforms" that would allow "linear content budgets to go further".
The BBC's Welsh and Northern Irish operations will also shed around 10% of staff, but both Radio Wales and Radio Ulster have been asked to make far smaller savings to their content budgets than English local radio.
"First, like our commercial peers here and abroad, the ABC faces production costs that are escalating faster than inflation, driven by the giant content budgets of Facebook, Apple, Amazon, Netflix and Google.
Add in large original content budgets from Google, Apple and Amazon, and suddenly Time Warner looks like a (relatively) small fish in a very large pond.
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