They said that talks for the service, to be called BritBox, are “in the concluding phase”.
It is expected that others will join the service, to put British boxsets and original series, on demand, in one place.
The broadcasters said it would boast the biggest collection of British content on any streaming service and will feature “old favourites”, recent shows and new commissions produced specifically for BritBox.
ITV chief executive Carolyn McCall said: “BritBox will be the home for the best of British creativity – celebrating the best of the past, the best of today and investing in new British originated content in the future.”
BBC Director-General Tony Hall said the streaming service would be “truly special”.
“A new streaming service delivering the best home-grown content to the public who love it best,” he said.
“The service will have everything from old favourites to recent shows and brand new commissions. It’s an exciting time for the viewing public.”
ITV’s Vera, Unforgotten, Endeavour, Ant & Dec’s Saturday Night Takeaway all proved popular with viewers last year.
Blockbuster series Bodyguard – starring Keeley Hawes and Richard Madden – was the BBC’s biggest show last year.
ITV said it will invest about £25m in Britbox this year and £40m in 2020 as it commissions exclusive original dramas to draw subscribers.
Channel 4 and Channel 5 are also in “constructive discussions” to join the venture.
The service is expected to launch later this year.
The cost of subscriptions has not yet been revealed.
The BBC and ITV said they have enjoyed success with their BritBox streaming service in the US.
Would you pay to subscribe to a service like BritBox?
0+ VOTES SO FAR
There is growing consumer demand in the UK for streaming services, with more than 12 million households having at least one Subscription Video On Demand (SVOD) service.
Four million homes (32 per cent) now have more than one subscription service.
- Some businesses, charities see minimal impact from new imported services GST in 2020
- BBC & ITV Appoint Reemah Sakaan As BritBox International CEO
- Apple reported to launch its new video service in April or May, without Netflix, Hulu, and possibly HBO
- Why Apple's new streaming service could revolutionize the music industry -- again
- Apple Fitness Plus: How to set up the new workout service to get moving
- The Snyder Cut of Justice League coming to new streaming service HBO Max
- Justine Littlewood proves she hasn’t aged a day in BBC’s new My Mum Tracy Beaker trailer
- Nolte: Paramount’s New Streaming Service Cuts Throat of Movie Theaters
- What is Paramount+? Here’s What to Know About the New Streaming Service
- CBS All Access is dead, long live Paramount+: “New” streaming service launches March 4
BBC and ITV's new BritBox service to take on Netflix have 484 words, post on www.leicestermercury.co.uk at February 27, 2019. This is cached page on ReZone. If you want remove this page, please contact us.