Extracts from the article:
The BBC has admitted that it has wasted almost £100m on a technology project that was designed to make the corporation “tapeless”, and has closed it to stop it “throwing good money after bad”.
The BBC has spent £98.4m on the controversial Digital Media Initiative – which was designed to do away with video tapes and create a kind of internal YouTube of BBC archive content that staff can access, upload, edit and then air from their computers – the equivalent of almost 660,000 licence fees.
BBC director general Tony Hall has taken the decision to close DMI.
“The DMI project has wasted a huge amount of licence fee payers’ money and I saw no reason to allow that to continue which is why I have closed it,” he said. “I have serious concerns about how we managed this project and the review that has been set up is designed to find out what went wrong and what lessons can be learned. Ambitious technology projects like this always carry a risk of failure, it does not mean we should not attempt them but we have a responsibility to keep them under much greater control than we did here.”
Source: Guardian Online