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Five quits Project Canvas scheme | Five quits Project Canvas scheme |
(about 1 hour later) | |
Five has pulled out of Project Canvas - the development of an internet-connected TV set-top box. | |
The channel, which has been put up for sale by parent company RTL, is reviewing its digital strategy and does not see the project as a priority. | The channel, which has been put up for sale by parent company RTL, is reviewing its digital strategy and does not see the project as a priority. |
Its share of the £16m scheme is likely to be funded by partners the BBC, ITV, BT, Channel 4 and TalkTalk. | Its share of the £16m scheme is likely to be funded by partners the BBC, ITV, BT, Channel 4 and TalkTalk. |
The BBC Trust approved Project Canvas last month saying it offered licence fee payers "significant public value". | The BBC Trust approved Project Canvas last month saying it offered licence fee payers "significant public value". |
The service will see a range of set-top boxes available to access on-demand TV services such as the BBC iPlayer and ITVplayer. | The service will see a range of set-top boxes available to access on-demand TV services such as the BBC iPlayer and ITVplayer. |
'Excellent support' | 'Excellent support' |
Director of Strategy at Five, Charles Constable, said the channel would "continue to support the objectives of Project Canvas". | Director of Strategy at Five, Charles Constable, said the channel would "continue to support the objectives of Project Canvas". |
"Despite withdrawing our interest in the venture we believe it will be a critical part of our strategy for reaching consumers in the future," he added. | "Despite withdrawing our interest in the venture we believe it will be a critical part of our strategy for reaching consumers in the future," he added. |
Project Canvas director Richard Halton said Five had offered "excellent support". | Project Canvas director Richard Halton said Five had offered "excellent support". |
"They share our goal of bringing the benefits of internet-connected TV to all. We look forward to working with them as a content provider to the platform in the future." | "They share our goal of bringing the benefits of internet-connected TV to all. We look forward to working with them as a content provider to the platform in the future." |
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