#BBCStudios

[enterprisewired]

BBC Studios Acquires ITV’s Stake in BritBox International for £255M

In a historic deal, BBC Studios has acquired ITV’s 50% shareholding in BritBox International, the joint venture streamer. The transaction, valued at £255 million ($322 million), represents the largest single deal ever undertaken by the BBC’s commercial arm. ITV confirmed the sale, with proceeds set to be returned to shareholders through a share buyback scheme post the announcement of full-year results on March 7.

CEO Transition and New Leadership Plans

As a result of the acquisition, BritBox International CEO Reemah Sakaan will exit the business, which will become part of the BBC Studios Global Media & Streaming division. New leadership plans are said to be already in place to ensure a smooth transition, with an official announcement expected imminently. Sakaan is anticipated to remain with BritBox during the transitional period.

Strategic Importance and Valuation of BritBox International

The deal values BritBox International at over £500 million, making it the largest single agreement ever struck by BBC Studios. BritBox International, which boasts nearly four million subscribers across eight territories, has become a profitable and successful venture. Tom Fussell, BBC Studios CEO, emphasized the strategic importance of the acquisition, stating that it aligns with their goal to double the size of their business. BritBox International, with its focus on British content, has generated significant demand for British shows globally.

Continuity in Programming Strategy and ITV’s Focus on ITVX

While the acquisition signals a change in ownership, the programming strategy for BritBox International is expected to remain unchanged. The platform will continue to commission content from a variety of UK independent producers, as well as BBC Studios and ITV. Producers have been assured that the new arrangement will not impact commissioning plans. ITV, on the other hand, is exiting the joint venture to concentrate on the growth of its own streamer, ITVX, and its global ITV Studios division. ITV Studios will continue to receive an ongoing revenue stream from BritBox International under new extended licensing agreements.

The acquisition by BBC Studios comes at the end of a bustling week for both ITV Studios and BBC Studios, who have been actively showcasing their latest content to international buyers at the London TV Screenings and BBC Studios Showcase events in the British capital.

Curious to learn more? Explore our articles on Enterprise Wired

[kembleford1953]

https://www.bbc.co.uk/mediacentre/bbcstudios/2024/father-brown-is-back-filming-has-begun-on-series-twelve-of-the-internationally-successful-drama

🥳🥳🥳

[notfspurejam]

https://x.com/bbcstudios/status/1800938291388108955?s=46

[forseokgyu]

[241014] BBC Studios Twitter Update:

“We are incredibly honoured to be a part of this ground-breaking new series, Asia” - @pledis_17 🌎 #Musical score performed by global pop icons #SEVENTEEN in collaboration with @BFCustomMusic #BBCEarthAsia, made by our #BBCStudios Natural History Unit, coming soon 📺

[grandmaster-anne]

27 April 2023 An excerpt from 'Charles R: The Making of a Monarch', which will air this Sunday, 30th April, at 8pm on @BBCOne and @BBCiPlayer, produced by @BBCStudios. — Majesty/Joe Little

[chicagonerd]

I see doctor who going back to being distributed back on BBC America if all else fails. Or maybe they can cut a a desk with Netflix. At least they got a new TARDIS set out of the #DisneyPlus deal. But the arrangement between #BBCStudios and #badwolf is a little alarming.

#DoctorWho: #Disney Deal, #ncutigatwa & #RussellTDaviesT In Spotlight

https://deadline.com/2024/07/doctor-who-analysis-disney-deal-ncuti-gatwa-russell-t-davies-bbc-1236008287/

[adambowielinks]

Favorite tweets: OK COMPUTER S2 EP2 IS ON TONIGHT AT 18:30 ON @BBCRadio4 My favourite episode yet? 🖥️ Starring the fabulous @TiaKofi as Algo ✍️ Written by me and Charlie Dinkin 📝 With additional material from @RajivAKaria @KateDehnert & @cody_dahler 🎬 Produced by @benjcsutton & @bbcstudios https://t.co/uzbHCbwLLP — Olga Koch (@rocknrolga) May 30, 2023

http://twitter.com/rocknrolga

[sherlocked0702]

Dear Martin, your bisexual is showing 💗💜💙 They're so hammered 😂🍸🥃 . . . Like, comment, share Follow for more . . . #sherlockholmes #sherlockfandom #sherlockian #sherlockfanart #sherlock #sherlockandjohn #bbcsherlock #bbcstudios #johnwatson #drwatson #drjohnwatson #setlock #louisebrealey #johnlock #johnlockfanart #doctorwho #doctorstrange #bisexual #marvel #mycroftholmes #benedictcumberbatch #martinfreeman #gay #drunk #sherlockau #goodomens #theimitationgame #moriarty #jimmoriarty #thehobbit https://www.instagram.com/p/CiNKEhHvYGk/?igshid=NGJjMDIxMWI=

[gavparf]

#DoctorWho #BigFinish #ColdVengeance #BBCStudios #DemonRecords #Demon #DavidTennant #BilliePiper #Vinyl #GreenVinyl #HMV #HMVVinyl #TheDoctor #RoseTyler #BBC #Doctor #TARDIS #PoliceBox #MattFitton #NicholasBriggs #IceWarriors #Ice #Warrior #WeLoveStories (at 76 Totter's Lane) https://www.instagram.com/p/CgKjWYtsWyu/?igshid=NGJjMDIxMWI=

[parametricarchitecture]

The BBC Pavilion, designed by UK based practice @gilesmiller, is a large-scale organic structure located on the beach front in #Cannes, #France. The building fuses an iconic sculptural aesthetic with highly innovative architectural functionality. The ‘skin’ of the structure is foremost a mechanism for controlling the visual transparency of the building, but the sculptural composition of thousands of recyclable aluminium ‘petals’ results in an object of inherent natural beauty. Architect: @gilesmiller Location: Cannes, France Photos by: Edvinas Bruzas Post by: @hamithz ——————————————————————— * Turn ON Post Notifications to see new content * Instagram 👉🏼 instagram.com/parametric.architecture * Website: 👉🏼 www.parametric-architecture.com * Facebook: 👉🏼 facebook.com/parametric.archi * Pinterest: 👉🏼 pinterest.com/parametricarchitecture * YouTube: 👉🏼 youtube.com/parametricarchitecture * Twitter: 👉🏼 twitter.com/parametricarch * Snapchat: 👉🏼 snapchat.com/paarchitecture * Linkedin: 👉🏼 linkedin.com/company/parametric.architecture * Tumblr: 👉🏼 parametricarchitecture.tumblr.com ——————————————————————— #bbc #bbcstudios #aluminum #transparency #facade #installation #pavilion #architectural #architect #architectureporn #architecture #architecturelovers #architecturephoto #digitalfabrication #architects #architecturelove #architecturedaily #parametric #architecturephotos #architecturepicture #parametricarchitecture #parametricdesign #architecturebuilding #building #architecturephotography (at Cannes) https://www.instagram.com/p/B6_C9yRHgSa/?igshid=18mj59kd67b05

[atomicamelyn]

Thanks to BBC Studios for sending me a free replacement cover (in English) for my “Good Omens” Blu-ray set. Thank you again! #goodomens #bbcstudios #michaelsheen #davidtennant #neilgaiman https://www.instagram.com/p/B6OOy-IFRk6/?igshid=2po2cponisyn

[kissofgallifrey]

I liked the view from the front row tonight 😉 (look how close I was to the stage! Being as small as I am, sometimes I have a problem seeing, but not this time. And good thing, too; it was for an amazing cause which I wholeheartedly support.) #tennytravelstheworld #tenny #tenthdoctor #funkopop #rednoseday #rnd2019 #bbc #bbcstudios (at BBC Elstree Centre) https://www.instagram.com/talesoftenny/p/BvDC9qJhw5J/?utm_source=ig_tumblr_share&igshid=1c1mlcwy4uvak

[docwhodessau]

When you fire that first shot, no matter how right you feel, you have no idea who's going to die. You don't know who's children are going to scream and burn. How many hearts will be broken! How many lives shattered! How much blood will spill until everybody does what they're always going to have to do from the very beginning -- sit down and talk! ———————————————————- 🔴 Truth or 🔴 Consequences ———————————————————- #zygoninversion #thedoctorsspeech #truthorconsequences #zygon #tardis #bbcwales #bbc #bbccardiff #cardiff #bbcstudios #doctorwho #bbcstudiotour #behindthescenes #12thdoctor #twelfthdoctor #petercapaldi #jennacoleman #claraoswald #whovian #filmstudios #cymru #iamthedoctor #filmset #movieset #timetravel #timemachine #thedoctor #potd (hier: Doctor Who Experience) https://www.instagram.com/p/BraB68dnC6-/?utm_source=ig_tumblr_share&igshid=1qjb3n8p3a5ab

[grandmaster-anne]

A further excerpt from 'Charles R: The Making of a Monarch', produced by @BBCStudios, featuring some never-before-seen footage from the 1969 'Royal Family' documentary. It will air this evening, 30th April, at 8pm on @BBCOne and @BBCiPlayer.

[wildlife-film]

We were very happy to be at the @nftsfilmtv #NFTSGradShow2021 at @britishfilminstitute Southbank yesterday, for a screening of the #Science & #NaturalHistory MA Student graduation films ... supported by @bbcstudios … It was fantastic to see what the nine graduates had managed to produce during a difficult year of lockdowns ... top marks from us! 🤩 @jasonpeters gave a copy of @brock_initiative #RichardBrock’s #PlanetCrunch book to each of the graduates hoping to inspire films on how we can help #savetheplanet … Also, to outgoing course leader, the brilliant #PaulReddish! 💚 #NFTS 👍 . . . . . #wildlifefilmmaking #sciencefilmmaking #naturalhistoryfilmmaking #wildlifefilmmaker #wildlifefilmmakers #wildlifefilm #filmsthatmakeafidderence #brockinitiative #BBCStudios filmmaking #documentary #film #London (at BFI Southbank) https://www.instagram.com/p/CPayd8RAQF4/?utm_medium=tumblr

[emily-rose34]

Had a wonderful time oop Norrrth learning all about BBC values and visiting the set of Blue Peter. What a wonderful company to be part of! #itsthew1alife #bbcstudios #bluepeter #manchester (at MediaCityUK)