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Brexit Implications How the UK's EU Exit Could Impact Media and Tech

Karol Severin, Mark Mulligan, Tim Mulligan and Zach Fuller
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The 20,000 Foot View

The UK’s vote to leave the European Union sent shockwaves that will continue to reverberate across the globe for years to come. While the potential geopolitical permutations may prove to be era defining, the implications for media and tech companies could also be dramatic. The World Wide Web was just            years old when the European Union (EU) was formed and the entire digital marketplace, from smartphones through to streaming services and apps has only ever known Europe as a single market. Though riven with faults, the EU nonetheless represented predictability and stability. Now all of that has been traded for a leap into the unknown that will rewrite the future of media and tech companies in the UK and beyond. 

Key Findings

  • The only            of a post-Brexit EU is            certainty at all
  • Europe’s appeal            lessen to some global players            to increased fragmentation and complexity            doing business in the region
  • UK investment            slow due to a combination            disruptions to the UK’s financial            and the cessation of EU            and grants
  • US tech            European HQs may move from            EU locations in order to            serve their main market, the           
  • The EU’s            role could leave a vacuum            the UK government having more            priorities than the fate of            UK media and tech sectors
  • SVOD services            base European operations in the            in order to get around            content quotas
  • Unable to            retain and recruit EU developers,            tech start-ups could be facing            talent drain
  • Streaming could            as a tariff free means            exporting directly into Europe for            and music rights holders

Companies and services mentioned in this report: Apple, BSkyB, BT, EMI, Facebook, GEMA, Google, Liberty Global, Netflix, News Corp,            PRS for Music, Spotify, STIM, The Premier League, Universal Music, Virgin Media, Vodafone 

This report was jointly authored by Mark Mulligan, Tim Mulligan, Karol Severin and Zach Fuller