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A FUTURE FOR PUBLIC SERVICE TELEVISION CONTENT AND PLATFORMS IN A DIGITAL WORLD

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A <strong>FUTURE</strong> <strong>FOR</strong> <strong>PUBLIC</strong> <strong>SERVICE</strong> <strong>TELEVISION</strong><br />

PSM refers to an evolving digital<br />

media ecology<br />

This ecology, as we discussed in the previous<br />

chapter, is shaped by institutional design and<br />

regulation and should not be equated with a<br />

single institution or channel. From the birth of<br />

ITV onwards, this ecology has encompassed<br />

the commercial public service broadcasters<br />

as well as the BBC and, potentially in the<br />

future, additional organisations. We want to<br />

reinstate this definition for the digital age.<br />

The PSM ecology entails complementarity<br />

between the different bodies delivering<br />

PSM’s public purposes, as well as benign<br />

competition to raise standards and stimulate<br />

innovation. It optimises the public interest<br />

by creating new markets and intervening in<br />

wider markets.<br />

We therefore question the current nostrum<br />

– prevalent in the government’s thinking in<br />

relation to BBC charter review – that PSM’s<br />

‘market impact’ should limit their entry into<br />

new and existing markets. In contrast, new<br />

economic thinking stresses the essential<br />

contributions of publicly funded research<br />

and development, in technology and culture,<br />

to innovation, the creation of new markets<br />

and economic growth. We could speak of<br />

distributed innovation through partnerships<br />

with start-ups, universities, cultural<br />

organisations and so on: public-public as well<br />

as public-private partnerships. This paradigm<br />

in the economics of innovation is now<br />

gaining new life. As the economist Mariana<br />

Mazzucato argues, “the public sector not only<br />

‘de-risks’ the private sector by sharing its risk,<br />

it often ‘leads the way’, courageously taking<br />

on risk that the private sector fears.” 69<br />

“THE <strong>PUBLIC</strong> SECTOR<br />

NOT ONLY ‘DE-RISKS’<br />

THE PRIVATE SECTOR<br />

BY SHAR<strong>IN</strong>G ITS RISK, IT<br />

OFTEN ‘LEADS THE WAY’,<br />

COURAGEOUSLY TAK<strong>IN</strong>G<br />

ON RISK THAT THE PRIVATE<br />

SECTOR FEARS.”<br />

Mariana Mazzucato<br />

Of course, this reframing should not be<br />

read as a complete licence for PSM to do<br />

everything, everywhere – especially where<br />

public resources are limited and commercial<br />

provision is highly regarded. As we note<br />

elsewhere in this report, a holistic approach<br />

to PSM should consider how changes to one<br />

part of the ecology might affect other parts.<br />

A more sophisticated approach to market<br />

impact would place greater emphasis on the<br />

positive and longer term benefits of PSM in<br />

new markets as well as having careful regard<br />

to any possible detrimental effects.<br />

Yet despite the success of BBC iPlayer, DAB<br />

and Channel 4’s documentary platform<br />

4docs, it’s remarkable how few sustained<br />

innovations public service media have made<br />

that exploit the rich potentials of digital<br />

media – such as creative participation, usergenerated<br />

content, low-budget experimental<br />

production, niche markets and the ‘long<br />

tail’ to host this activity. This absence, two<br />

69<br />

Born and Prosser, 2001, p. 676.Mariana Mazzucato, ‘The Future of the BBC: The BBC as Market Shaper and Creator’,<br />

LSE Media Policy Project, October 14, 2015.<br />

34

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