July 11, 2018
BBC Worldwide July 11 said it generated £1.04 billion ($1.38 billion) in fiscal year revenue, ended March 31. That compared to revenue of £1.05 billion ($1.39 billion) during the previous-year period.
The BBC, which combined BBC Worldwide with BBC Studios in April into a single entity, attributed the revenue dip in part to declining packaged media sales, including DVD.
Regardless, pre-tax earnings increased 42% to £118.3 million ($157 million) from £83.5 million ($110 million) last year. The BBC said the increase reflected strong content sales, cost efficiencies across branded services and overhead savings.
Other highlights included BritBox, the North American SVOD service partnership with ITV, ended the fiscal year with 250,000 subscribers after bowing service in Canada.
BBC Worldwide entered into several new global deals during the fiscal year, including with Shanghai Media Group Pictures (a leading Chinese media company), which will see an expansion of the “Doctor Who” brand in China and partnerships with Foxtel, ABC, Sky and Fetch were cemented with new or continued deals in Australia and New Zealand.
Original program, “Blue Planet II,” proved a major success with international audiences, with the premiere becoming the most-watched ad-supported nature episode in nearly eight years on BBC America. “Planet Earth: Blue Planet II” amassed more than 250 million views on Chinese VOD platform Tencent in Q4, ending Dec. 31, 2017.