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Endpoint: BBC Worldwide



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created on: 9/02/2018
by: Lo55o (12478)
 
 

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General info :
BBC Worldwide is the business name BBC Worldwide Ltd., a principle commercial arm and a wholly owned subsidiary of the British Broadcasting Corporation (BBC) formed out of a restructuring of its predecessor BBC Enterprises Ltd. in 1995. The business exists to support the BBC public service mission and to maximise profits on its behalf.

The company monetises BBC brands, selling BBC and other British programming for broadcast abroad with the aim of supplementing the income received by the BBC through the licence fee.

In addition to broadcasting, the BBC has for much of its life also produced additional materials for sale, the profits of which would be returned to the corporation to aid in the financing of these services. The highest profile of these early products was the listings magazine Radio Times, but the net revenue gained from this in 1928 (£93,686, 10s, 1d) only equated to 10% of total BBC income.

Prior to 1979, several BBC departments dealt with the exploitation and sale of BBC brands and programmes.
BBC Publications, which produced magazines, books and other supplementary materials, had expanded rapidly in the late 1960s but still had difficulties with finances: in 1974 the division made a loss of £14,000. This was rectified however as the economic situation eased and by 1982 BBC Publications had a trading profit of £4.7 million.
BBC Transcription Services licensed BBC Radio material to overseas broadcasters.

The selling of television programmes was at first handled in 1958 with the establishment of a business manager post. This gradually expanded until the establishment of the Television Promotions (later renamed Television Enterprises) department in 1960 under a general manager.
In its first year, the department saw the sale of 550 programmes overseas with a turnover of £234,000, with a further 1,200 programmes sold the following year.
Radio programmes were only exploited on the same level with the creation of the Radio Enterprises department in 1965. However, following the retirement of the Radio Enterprises general manager in 1969, the two departments were merged to form the BBC Enterprises department.

In 1979 the department became BBC Enterprises Ltd., a subsidiary company wholly owned by the BBC.
By 1982, the division were expanding with divisions responsible for home video (under the brand BBC Video), recorded audio (under the brands BBC Records and BBC Cassettes), film and merchanding. At this point the company had a turnover of £23 million.
On 1 April 1986, all commercial activities of the corporation, including BBC Publications, was merged into BBC Enterprises Ltd.

In 1991 BBC World Service Television became the first commercially funded BBC broadcasting operation after the Foreign Office refused to pay for it.
BBC Enterprises Ltd was subsequently reorganised in 1995 as BBC Worldwide Ltd.


In 2004, BBC Video merged with Video Collection International to form 2 Entertain, which was part owned by BBC Worldwide Ltd.; the following year the company sold Eve magazine to Haymarket Group and in 2006 the company sold a majority stake in BBC Books to publisher Random House.

In 2007 BBC Worldwide Ltd. purchased a 75% stake in the travel guide publisher Lonely Planet, acquiring the final 25% of the company in 2011. The acquisition was part of the BBC's strategy to grow its online portfolio and to increase its operations in Australia and the USA.

In January 2009 it was announced that Ofcom had put forward the recommendation that Channel 4 merge with either the commercial network Five or BBC Worldwide Ltd.
In 2012, the company began to reorganise their divisions from a product based system to a location-based system, resulting in Jana Bennett leaving the company.

BBC Worldwide sold Lonely Planet in 2013 to Kentucky billionaire Brad Kelley's NC2 Media for US$75 million (£51.5 million) - significantly less than the £130.2 million the BBC had paid for the company, at an £80 million loss.

In 2016/17, BBC Worldwide generated headline profits of £157.3m and headline sales of £1,059.9m and returned £210.5m to the BBC.
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Submitted by : Lo55o (12478)
on : 09/02/2018