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REVENUES
The Italian television market in recent
years has been aligning itself with
longstanding trends throughout Europe,
with an increasing amount of revenue
from fee-based services joining public
funding and advertising revenues.
In this landscape, the licence fee,
despite rising in comparison with the
previous year (+1.4%), shows a gradual
decline in comparison to total revenues
for the system.
Already, the inflows generated by the
various forms of pay TV have exceeded
funding from the licence fee.
Historically, the parameter used to
adapt public funding has been the
programmed inflation rate, and not the
actual rate of inflation, meaning that
not only does it not allow the
concession holder to recover the entire
effect of inflation within the Italian
economy, it also fails to consider the
significant pressure on production
created by the increased level of
competition within the marketplace that
has been growing for several years
now.
In a context of such competitiveness, the
Italian licence fee remains the lowest in
Western Europe.
It should also be noted that in Italy,
reliable estimates point to a significantly
high rate of evasion with reference to
both the special licence fee and the
ordinary fee, the latter estimated at
between 25 and 30% and far and away
the highest in Europe, where the
average rate of evasion is 10%.
The Italian television system will,
however, continue to be funded
primarily through advertising revenues,
although we are seeing progressive
growth in revenues from pay TV on one hand and a shift towards investments in
other emerging media on the other.
The gradual decline, or suffering, of
revenues from television advertising in
recent years is common to the main
public service broadcasters throughout
Europe, although audience figures
continue to remain quite stable.