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This spend “ reflects our continued commitment to an ongoing programme of technology innovation improving the customer experience”, said YouView. It expanded its R&D workforce to 150 during FY20–21, from 141 the previous year, and says it made £16.2m in “ investment in innovation” during the period, supported by a near-£3m tax credit secured via the government’s R&D incentive scheme. Nevertheless, the JV’s accounts show that it and its backers continue to plough significant resource into the development of its technology platform. This came despite a small (+0.4%) rise in revenue, to £8.7m. ![]() YouView recorded a £16m net loss in the twelve months to 31 March 2021 (FY20–21), up 3%. TalkTalk indicated it paid £6m to YouView in the year to end-March 2021, a figure likely matched by BT. It appears that the commitment of BT and TalkTalk forms part of the collective shareholder agreement backing the business, and the directors’ declaration of the loss-making JV as a going concern was said to be based on “ letters of support from its two key shareholder funders”.Īccording to TalkTalk’s latest annual report, all shareholders contribute around £1m per year for the operational needs of YouView, while the altnet and BT contribute additional funds for research and development. They now each hold 16.7% of the business, up from 14.3%.įurther, the statement indicates BT and TalkTalk have extended £97.6m (€117.3m) in long-term lending to YouView, said to be based on valuation of its intellectual property, and scheduled for repayment from June 2024. It also increases the exposure of BT and its remaining co-owners - BBC, Channel Four, Channel 5, ITV, and TalkTalk Telecom - to a JV that remains loss-making and is facing a variety of competitive challenges. ![]() Bt sport youview channel number tv#YouView fate in the telcos’ handsĪrqiva’s withdrawal breaks up the original seven-owner line-up that brought YouView’s TV platform and interface to market back in 2012 ( BTwatch, #216, #219, and #235). Bt sport youview channel number update#YouView said its remaining owners were now negotiating an update to its shareholder agreement, which was last refreshed back in 2014 ( BTwatch, #253).ĭeclaring the move in its latest financial statement and strategic report, YouView sought to stress that it expects to maintain its “ current activities… with continued support from its remaining six shareholders”. Bt sport youview channel number software#TV platform joint venture YouView confirmed infrastructure player Arqiva has now exited the business, bringing its ownership group - including BT - down to six.Īrqiva - which has been pulling back from media software interests, having also recently withdrawn from the JV behind basic TV platform Freeview - relinquished its holding on 31 March 2021, shortly after reports indicated it was in talks over an exit ( BTwatch, #321). BT and TalkTalk footing the YouView bill as losses mount, Arqiva exits ![]()
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