BBC Studios Posts $2.7 Billion Turnover and Boosted Profits, Major Dip in Channels and Streaming Business

, the commercial arm of the BBC, has passed £2 billion in sales and nudged up profits to £240 million, but an advertising downturn is hitting its channels and streaming business.an ongoing presenter scandal

The annual report reflected a record turnover of £2.09 billion for BBC Studios, which is up by 28% over 2022. This has been driven by the company’s production and distribution arm, known as the Content Studio, as well as big long-term partnership deals for brands like “Bluey” and “Dancing With the Stars.”

Elsewhere, the Channels & Streaming division reported turnover of £535 million, down from £536 million last year. Profits dipped sharply to £102 million, down 24% from £120 million. The company blamed the significant dip on inflation, a volatile advertising market and pressure on pay TV subscriptions.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

BBC Studios Buys 25 Percent Stake in Unscripted Formats Company MettlemouseUnder its deal with Sarah Tyekiff‘s company, the commercial arm of U.K. public broadcaster BBC will get a first look at global distribution and format rights.
Fonte: THR - 🏆 411. / 53 Consulte Mais informação »