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

Society 2.0 – Centralised but Connected

Society 3.0 - Decentralised and Connected

Media & Platform Convergence 01/06/10

Packets of Internet Protocol (IP) Data reach us in two ways 01/06/10

Broadcast delivery - 'One to Many' 01/06/10

Web delivery - 'One to One' 01/06/10

Broadcast/Web Convergence 01/06/10

But no-one has yet developed the right devices 01/06/10

...or the right enterprise model 01/06/10

Let's have a look at Enterprise Models 01/06/10

Public means State... 01/06/10

...funded by taxes and public borrowing 01/06/10

Private means Limited Liability Company 01/06/10

Funded by Equity - shares with a par value eg £1.00... 01/06/10

...or Debt - loans secured by legal claims eg mortgages 01/06/10

...giving two conflicting claims over the same productive asset 01/06/10

Scots know it's not a case of 'either/or' 01/06/10

'Not Proven' verdict is both...or neither 01/06/10

NET works in this 'quantum' zone of uncertainty 01/06/10

There’s a new legal animal out there.... 01/06/10

There are now 60,000 UK Limited Liability Partnerships (LLP)... 01/06/10

...even in the Public Sector, where Glasgow has five municipal LLPs 01/06/10

An LLP is a corporate body with limited liability.... 01/06/10

...and...errrr...that’s it!... 01/06/10

As far as the Tax Man is concerned it is a Partnership 01/06/10

Capital Partnership Capital Partnership Investors Customers Custodian % % £ 01/06/10 Managers

Equity Shares - % age shares in revenues or production... 01/06/10

...or Units - redeemable in production 01/06/10

Example: “The Art of Flirting” – a film incorporated as an LLP 01/06/10

The actors received nth’s of the gross revenues... 01/06/10

...I got 5%...and the producer the rest... 01/06/10

...except that we needed lights, cameras, pizza, coffee 01/06/10

Two Capital Partners invested £10k for 20% of revenues 01/06/10

Art of Flirting Partnership Art of Flirting Partnership Financial Capital (Investors) Viewers Custodian % % £ 01/06/10 Human Capital (Actors, Producer, Me)

The Capital Partnership aligns stakeholder interests.... 01/06/10

...but it’s not a magic bullet 01/06/10

Conventional finance requires binding contracts 01/06/10

Partnership finance requires consensual agreement 01/06/10

But there may be no magnetism.. 01/06/10

...or partners may fall out... 01/06/10

A Capital Partnership is not an Organisation 01/06/10

...it does not own anything, do anything, employ anyone, or contract with anyone... 01/06/10

...it is simply a framework within which the stakeholders self organise ... 01/06/10

Community Media Partnership Community Partnership Investor Community 'Club' Custodian (CIC?) % % £ 01/06/10 Manager

… .is a framework for provision of 'micro' TV and broadband 'not for loss'

Community .....joins the Club 01/06/10

Neither Public - taxes/ licence fee paid for open access.... 01/06/10

...nor Private 'walled garden' – invoices/ subscriptions and closed access 01/06/10

A Club is Closed because only members have access.... 01/06/10

...but also Open because anyone consenting to club rules may join 01/06/10

Service Providers – an open consortium 01/06/10

Provides platform, devices, billing and content.... 01/06/10

...on an agreed revenue sharing basis 01/06/10

Investors – share revenues of productive assets – Fixed Capital 01/06/10

Working Capital? - 'Sell it forward' – Units redeemable in payment for use 01/06/10

Community Media Partnership Community Partnership Investor Community 'Club' Custodian (CIC?) % % £ 01/06/10 Service Provider

If we link together and network 'micro'... 01/06/10

UK Media Partnership UK Media Partnership Investor Users Custodian % % £ 01/06/10 Service Provider

...offers a completely inclusive framework for media 01/06/10

Local TV Inverness_02_06_10

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