BBC Studios, the commercial arm of Britain’s public broadcaster, has marked record growth for 2021/22 with profits up 50% year-on-year to £226 million ($267 million) and sales up 30% to £1.63…
, the commercial arm of Britain’s public broadcaster, has marked record growth for 2021/22 with profits up 50% year-on-year to £226 million and sales up 30% to £1.63 billion.
Crucially, the record growth has helped the business reach its target of £1.2 billion in returns to the BBC over the first five years of the current BBC Charter — a goal that was first set in October 2015, covering the period of 2017/18 through to 2021/22.Tom Fussell Fussell added: “With new freedom to invest, and a new commercial board, now is the time for the business to step up a gear. Despite an uncertain economic climate, we’re hugely confident about the opportunities ahead: and while this investment in future growth might impact on our profits over the short term, we know that we are building a business which can play a more significant role in the future of the BBC.
Sales of content made more than £400 million thanks to key brands like “Doctor Who” and “Top Gear,” unscripted landmark shows such as “The Universe” and “Green Planet” and dramas from third-party producers, such as “The North Water,” “This is Going To Hurt” and “The Outlaws.”
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