Channel 4 to “pioneer” the use of data
Channel 4 is looking to “pioneer” the use of data in its advertising model as it looks to invest in more direct connections with its audience.
Speaking to the Oxford Media Convention, Channel 4 chief executive David Abraham said the broadcaster is “retooling” its self-funded commercial model so that it engages with viewers on a deeper level.
Channel 4’s sales house made £1bn in revenue in 2011 and in November made more than £100m in ad revenue, the first time it had ever exceeded the £100m mark in a single month.
Jonathan Allan joined Channel 4 from OMD in July as the broadcaster’s sales director and has since restructured the sales team into six agency-focused units.
Abraham continued that Channel 4 is also pledging nearly £450m of its network programming budget into original UK content this year, an £80m increase from 2010.
The increased investment in original programming means that Channel 4 is expected to report a full-year deficit in 2012.
Channel 4 is also looking to increase the amount of multi-screen programming it produces, such as The Bank Job, Million Pound Drop and Misfits, and will maximise the number of devices its content is distributed on.
Abraham added: “While the outlook for 2012 may be uncertain, I enter this year with a sense of confidence, excitement and optimism that Channel 4 is in the midst of one of the most inspiring and creatively stimulating periods in its history.”
