Britain’s culture secretary Nicky Morgan has suggested that the BBC could go the way of video rental company Blockbuster if it fails to embrace change and keep up with the likes of Netflix. I…
But Morgan also took the opportunity to put the BBC on notice that the government wants to make major changes to its funding model when its current operating agreement, known as its charter, is renewed in 2027. Morgan has previously mooted the idea of a subscription model akin to rivals like Amazon and Apple.
Morgan opened her speech with an anecdote on how Blockbuster has spiraled into irrelevance as Netflix has grown to become one of the world’s biggest media companies. Her underlying message to the BBC was clear: embrace change or end up becoming a museum to a bygone age, as the final Blockbuster store in Oregon has now become.
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