Inflation is partly to blame, but so is the limited appeal of generously-budgeted dramas aimed at small part of the global market.
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Love Island’s most-watched episode so far this series attracted more than 5.2 million viewers across four screens, according to the latest BARB viewing data.
The UK subscription video-on-demand market contracted by 488k households over the last three months.
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Channel 4 has reported its strongest ever financial performance in 2021 as revenues topped £1bn for the first time.
Europe is low-hanging fruit for global TV and streaming companies seeking to cut costs, according to analysts.
With the slow-motion departure of Boris Johnson, has Channel 4 dodged the privatisation bullet?
But now there is light at the end of the tunnel as the streaming service looks to add advertising to its platform.