ITV, one of the UK’s largest broadcasters, has announced the launch of its own streaming service, BritBox, to compete with the likes of Netflix, Amazon, and Disney+. The service will offer a range of British TV shows and films, including classic series such as Doctor Who, Fawlty Towers, and Absolutely Fabulous, as well as new and exclusive content.
The move comes as traditional broadcasters face increasing competition from streaming giants such as Netflix and Amazon, who have been investing heavily in original content and expanding their global reach. ITV hopes that BritBox will help it to retain viewers who are increasingly turning to streaming services for their entertainment needs.
BritBox will be available for a monthly subscription fee of Â£5.99, with a free trial period of 30 days. The service will be available on a range of devices, including smart TVs, tablets, and smartphones.
ITV has partnered with the BBC to launch BritBox, with the two broadcasters investing Â£25 million each in the venture. The service will feature content from both broadcasters, as well as from other UK production companies.
ITV CEO Carolyn McCall said: “BritBox is a new streaming service that brings together the very best of British television in one place. It’s a unique offering that combines the best of the past with the best of the present, and we’re confident that it will be a hit with viewers.”
The launch of BritBox is part of ITV’s wider strategy to diversify its revenue streams and reduce its reliance on traditional advertising. The broadcaster has been investing in content production and distribution, as well as in digital and data capabilities, in order to better compete in the rapidly changing media landscape.
ITV’s move into the streaming market is a bold one, but it remains to be seen whether BritBox will be able to compete with the likes of Netflix and Amazon, who have a significant head start in terms of content and global reach. However, with its focus on British content and its partnership with the BBC, BritBox could carve out a niche for itself in the crowded streaming market.