Amid all the recent controversy, continuing investment in YouView has been agreed by all 7 existing shareholders with funding guaranteed for at least 5 years. The new agreement retains BBC, ITV, Channel 4, Channel 5, BT, TalkTalk and Arqiva as equal shareholders committed to promoting the future of connected free-to-air TV and enabling an upgrade path to pay services. Nonetheless, the BBC and other backers are set to drop their annual contribution to the YouView set top box venture by around £750,000, leaving BT and TalkTalk to compensate for the funding gap.
YouView, which pioneered an easy-to-use TV service that seamlessly combines live and catch up television, also announced today that it has passed well over 1 million connected UK homes in less than 18 months since its marketing launch.
“We are delighted that all seven shareholders have committed to the future of YouView with a 5 year term,” says Richard Halton, CEO, YouView. “We have achieved a significant milestone with well over 1 million homes regularly using the service and high levels of usage and satisfaction as key indicators of success for the future. The next phase for YouView involves ambitious developments across a range of devices and we’re looking forward to achieving our long term target of 10 million connected UK homes.”