UK firm Red Bee Media, an offshoot of the BBC which has established itself as one of the world’s leading media management companies, has named its new CEO as Patrick Tillieux.
Taking over from Bill Patrizio, who stepped down as CEO last month, Patrick will be based in London and lead a team of over 1,500 employees in the UK, France, Spain, Germany and Australia.
The new CEO has previously served as COO of German media company ProSiebenSat1, and is now tasked with leading Red Bee Media’s efforts to provide multi-platform technology and creative solutions to broadcasters, content rights holders, platform operators and brand owners.
Red Bee Media announced last January that it was planning to move its HQ from Broadcast Centre in West London to offices in Ealing, while the playout and technical teams would remain on the BBC campus in the capital’s White City.
The company issued a major new study last March which predicted that UK broadcasters and TV providers are going to face steadily increasing competition for television revenues from disruptive OTT services and technology companies.
The study predicted that both pay and advertising revenues from online video services will quadruple by 2020, increasing by 320% from 2010. Non-traditional revenue sources are also expected to become increasingly significant, with 58% of UK television executives polled by the study predicting that product placement and ad-funded programming will become important income streams.