overview
merge & churn
globalisation
print
film
music
broadcast
Australia
list
Carlton
- holdings
- chronology
timeline
|
Carlton
UK-based Carlton dates from the 1960s. It is a major UK
commercial television broadcaster (competing with Murdoch's
BSkyB and Granada) and has multimedia
and film/tv production interests. Revenues in 2000 were
reported as US$3 billion, with pre-tax profits of US$506
million. The group operates in Europe and North America,
with around 3,000 employees.
the group
Carlton began by supplying technical services to film
and video program producers and has moved up the production
chain, swallowing service providers, film libraries, CD
and videocassette manufacturers, broadcasters, book publishers
and other businesses as it went. A chronology is here.
It was formally established in 1983, when Michael Green's
private company - involved in television production facilities,
programming, exhibition contracting and development of
specialist audio/video gear - went public.
Carlton expanded through acquisition of television post-production
units in the US and UK, such as The Moving Picture Company
and Complete Post, at one stage buying and selling off
the United Engineering Industries conglomerate that encompassed
racing cars and pixellation software. It bought equipment
manufacturers (most since sold) such as Abekas Video Systems
and film processor Technicolor, along with the Nimbus
CD operation and disk/tape plants in the UK, Canada, US
and Mexico. After acquiring an initial stake in ITV licence-holder
Central Independent Television it absorbed Zenith Productions
in 1987, becoming the largest independent UK tv program
maker (eg Inspector Morse and Wheel of Fortune).
By the end of the decade Carlton had a global market (and
units in the UK, US, Canada, Mexico, Italy, Germany and
the Netherlands). Its equipment sold in 47 countries,
it was Europe's leading video post-production service,
it was the world's largest processor of motion picture
film and the largest producer of pre-recorded videocassettes.
In 1991 it established Carlton television after gaining
the London Weekday Channel 3 licence, the most lucrative
ITV franchise. It launched Carlton Books (absorbing ailing
upmarket publisher Andre Deutsch) and bought downmarket
but more profitable audio and music group Pickwick. In
1993 it gained a stake in ITN, the commercial broadcast
news service, continued to buy film libraries (including
the Korda and Rank films), moved to full ownership of
Central and sold Zenith Productions to comply with Broadcasting
Act requirements.
At that stage the group had 30% of ITV advertising revenue,
equivalent to 22% of total UK television advertising and
covering 36% of the UK population. Its 1996 purchase of
Cinema Media (renamed Carlton Screen Advertising) gave
it 80% of all cinema advertising in the UK and Ireland.
It swallowed Westcountry Television (increasing aggregate
coverage to 39% of the UK population) and producers such
as Action Time and Planet 24. Plans to merge with other
media groups were rejected. In 2000 it reshuffled its
ITV units, buying HTV from Granada.
In 1997 Carlton and established ONdigital (now ITV Digital)
with half of the digital terrestrial capacity in the UK,
competing with cable services (most substantially owned
by US Liberty Media) and Murdoch-controlled
BSkyB. In effect there are now two analogue tv broadcasters
in England, several cable networks and two digital groups.
Future direction is unclear; Carlton (like its competitors)
is servicing heavy debts in markets where significant
new investment seems required. It's reported as wanting
to float some of the equity in the disappointing ITV Digital.
As a terrestrial broadcaster, however, it can frighten
away many predators by waving UK media ownership legislation.
An indication of Carlton holdings towards the end of 2001
is here.
studies
The
major study of Carlton is Raymond Snoddy's irreverent
and often perceptive Greenfinger: The Rise of Michael
Green and Carlton Communications (London: Faber 96).
As a grand acquisitor it's hoovered up some of the more
colourful parts of the content industries. For a glimpse
of the ITC film library see Lew 'Raise the Titanic' Grade's
memoir Still Dancing (London: Collins 87). Perhaps
the best study of Alexander Korda and London Films is
Michael Korda's Charmed Lives (London: Allen Lane
80). For Rank see Roy Armes' A Critical History of
the British Cinema (New York: Oxford Uni Press 78)
and Geoffrey Macnab's J Arthur Rank and the British
Film Industry (London: Routledge 93). There's alas
no study of Raymond Rohauer, the piratical silent film
buff who reputedly left his collection to his two cats,
who presumably lived well off Carlton's £1m.
Asa Briggs' five volume official historyThe History
of Broadcasting in the United Kingdom (London: Oxford
Uni Press 61-86) provides background to the ITV system
but predates Carlton's expansion. There's better coverage
in Independent Television in Britain (London: Macmillan
82- ) by Bernard Sendall, Jeremy Potter & Paul Bonner
and in Stuart Hood's Behind the Screens: The Structure
of British Television in the Nineties (London: Lawrence
& Wishart 94).
For Andre Deutsch see Diana Athill's superb Stet: A
Memoir (London: Granta 00).
next page (Carlton
holdings)
|