Five pulls out of Project Canvas

Five has announced it will not pursue further involvement in Project Canvas, pending a review of its digital investment strategy.
Project Canvas, approved by the BBC Trust in June, will continue with the backing of the BBC, BT, ITV, Channel 4, Talk Talk and Arqiva.

Charles Constable, Director of Strategy at Five said “We continue to support the objectives of Project Canvas and despite withdrawing our interest in the venture we believe it will be a critical part of our strategy for reaching consumers in the future.”
Richard Halton, Project Canvas, Director said: “We’ve had excellent support from Five. They share our goal of bringing the benefits of internet-connected TV to all. We look forward to working with them as a content provider to the platform in the future.”