BBC Studios has posted another record financial year, the BBC annual report reveals, as the Corporation’s production and sales wing continues its aggressive commercial push. Profits for the 2…
The numbers also provide some comforting reading for the BBC as it faces the crisis over the unnamed reported who alleged to have paid an underage person for sexual images. BBC Studios CEO Tom Fussell had been due to speak wait certain journalists about the numbers, but this was postponed in light of the wider scandal.
BBC Studios attributed the growth to its content studio, which Fussell said that grown “by nearly half” as it landed orders from the likes of Apple TV+, Prime Video, Disney+ and Netflix. Sales were up nearly 40% at £1.6B and profits were up nearly 50% at £139M . In fact, more than 75% of the content studios’ revenues now come from third parties, as the BBC pushes harder into local and international production in a bid to return more cash to its parent — and, by extension, the license fee-paying public.
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