Local TV Inverness_02_06_10
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Transcript of Local TV Inverness_02_06_10
Highlands Local TV Forum
Chris Cook, Inverness
02 June 2010
'Not for Loss' TV – a Partnership Approach
Introducing Nordic Enterprise Trust (NET)
Society 1.0 - Decentralised and Disconnected
Presence in person
Society 2.0 – Centralised but Connected
Presence via intermediaries
Society 3.0 - Decentralised and Connected
Presence on the network
Media & Platform Convergence
01/06/10 9
Packets of Internet Protocol (IP) Data reach us in two ways
01/06/10 10
Broadcast delivery - 'One to Many'
01/06/10 11
Web delivery - 'One to One'
01/06/10 12
Broadcast/Web Convergence
01/06/10 13
But no-one has yet developed the right devices
01/06/10 14
...or the right enterprise model
01/06/10 15
Let's have a look at Enterprise Models
01/06/10 16
Public means State...
01/06/10 17
...funded by taxes and public borrowing
01/06/10 18
Private means Limited Liability Company
01/06/10 19
Funded by Equity - shares with a par
value eg £1.00...
01/06/10 20
...or Debt - loans secured by legal claims eg mortgages
01/06/10 21
...giving two conflicting claims over the same productive asset
01/06/10 22
Scots know it's not a case of 'either/or'
01/06/10 23
'Not Proven' verdict is both...or neither
01/06/10 24
NET works in this 'quantum' zone of uncertainty
01/06/10 25
There’s a new legal animal out there....
01/06/10 26
There are now 60,000 UK Limited Liability Partnerships (LLP)...
01/06/10 27
...even in the Public Sector, where Glasgow has five municipal LLPs
01/06/10 28
An LLP is a corporate body with limited liability....
01/06/10 29
...and...errrr...that’s it!...
01/06/10 30
As far as the Tax Man is concerned it is a Partnership
01/06/10 31
Capital Partnership
Capital PartnershipCapital Partnership
InvestorsInvestors
CustomersCustomers
Managers
CustodianCustodian
% %
£
01/06/10 32
Equity Shares - % age shares in revenues or production...
01/06/10 33
...or Units - redeemable in production
01/06/10 34
Example: “The Art of Flirting” – a film incorporated as an LLP
01/06/10 35
The actors received nth’s of the gross revenues...
01/06/10 36
...I got 5%...and the producer the rest...
01/06/10 37
...except that we needed lights, cameras, pizza, coffee
01/06/10 38
Two Capital Partners invested £10k for 20% of revenues
01/06/10 39
...if there are any
01/06/10 40
Art of Flirting Partnership
Art of Flirting PartnershipArt of Flirting Partnership
Financial Capital(Investors)
Financial Capital(Investors)
ViewersViewers
Human Capital(Actors, Producer, Me)
CustodianCustodian
% %
£
01/06/10 41
The Capital Partnership aligns stakeholder interests....
01/06/10 42
...but it’s not a magic bullet
01/06/10 43
Conventional finance requires binding contracts
01/06/10 44
Partnership finance requires consensual agreement
01/06/10 45
But there may be no magnetism..
01/06/10 46
...or partners may fall out...
01/06/10 47
A Capital Partnership is not an Organisation
01/06/10 48
...it does not own anything, do anything, employ anyone, or contract with anyone...
01/06/10 49
...it is simply a framework within which the stakeholders self organise ...
01/06/10 50
Community Media Partnership
Community PartnershipCommunity Partnership
InvestorInvestor
Community'Club'
Community'Club'
Manager
Custodian(CIC?)
Custodian(CIC?)
% %
£
01/06/10 51
….is a framework for provision of 'micro' TV and broadband 'not for loss'
How does it work?
01/06/10 53
Community.....joins the Club
01/06/10 54
Neither Public - taxes/ licence fee paid for open access....
01/06/10 55
...nor Private 'walled garden' – invoices/ subscriptions and closed access
01/06/10 56
A Club is Closed because only members have access....
01/06/10 57
...but also Open because anyone consenting to club rules may join
01/06/10 58
Service Providers – an open consortium
01/06/10 59
Provides platform, devices, billing and content....
01/06/10 60
...on an agreed revenue sharing basis
01/06/10 61
Investors – share revenues of productive assets – Fixed Capital
01/06/10 62
Working Capital? - 'Sell it forward' – Units redeemable in payment for use
01/06/10 63
Community Media Partnership
Community PartnershipCommunity Partnership
InvestorInvestor
Community'Club'
Community'Club'
Service Provider
Custodian(CIC?)
Custodian(CIC?)
% %
£
01/06/10 64
If we link together and network 'micro'...
01/06/10 65
...we get 'Macro'
01/06/10 66
UK Media Partnership
UK Media Partnership
UK Media Partnership
InvestorInvestor
UsersUsers
Service Provider
CustodianCustodian
% %
£
01/06/10 67
...offers a completely inclusive framework for media
01/06/10 68
Thank You
01/06/10 69