1.4.3

Funding & Regulation

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Funding

Funding is essential for a media product to be produced and distributed.

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Commercial funding

  • Funding is essential for a media product to be produced and distributed.
  • If a company is vertically/horizontally/diagonally integrated it will benefit from a larger budget to begin with.
  • This will be funded through commercial sales.
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Independent funding

  • If a company is an independent company they often rely on funding from other companies which can include charities.
  • The BBC is a public service broadcaster and they are uniquely funded through the TV license.
  • Here, members of the public who own a TV pay a yearly license fee and this is what fund the BBC.
  • This is why the BBC do no have any adverts on their programmes.

Regulation

Regulation of industries is important in order to protect the public. Each industry has a different regulating body.

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Regulating bodies

  • TV and radio are regulated by Ofcom (Office of Communications).
  • Film and music videos are regulated by the BBFC (British Board of Film Classification).
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Regulating bodies cont.

  • Print (newspaper and magazines) are regulated by a voluntary body called IPSO (independent press standards organisation).
  • Video games are regulated by Video Standards Council using the PEGI (Pan European Game Information) rating system.
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Advertising

  • Advertising is regulated by the ASA (Advertising Standards Authority).

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1Overview

2Component 1: Section A

3Component 1: Section B

4Component 2: Section A

5Component 2: Section B

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