IDA and BAI in Brexit broadcasting push
The IDA and the broadcasting regulator will actively target the London-based television sector in the next six months as Ireland seeks to attract companies weighing up their post-Brexit options.
The Broadcasting Authority of Ireland (BAI) has already had contact from over half-a-dozen companies.
Industry sources said Discovery Networks, which houses a large number of stations, was among those to have made inquiries.
Among the advantages of Ireland is the similarity between the Irish and British regulatory systems.
However, London-based television insiders said that Dublin will face stiff competition from Amsterdam. Many international broadcasters have their European bases in London but may have to move to comply with European Union legislation after Brexit.
The chief executive of the BAI, Michael O'Keeffe, confirmed that it was working closely with the IDA and would meet with industry representatives in London in the first half of the year.
He said there had been several inquiries but no licence applications as yet.
Among the changes to broadcasting legislation being considered by Communications Minister Denis Naughten at present is the introduction of a levy on Section 71 licences.
This would allow the BAI to impose a levy on any international broadcasters moving here, covering the cost of their regulation.
The BAI is finalising a Brexit position paper.
Sunday Indo Business