BBC Worldwide Reports Slight Increase In Profits

Top Gear

BBC's commercial arm sees profits up by 1% and headline sales up 3% thanks to titles like "Top Gear"

BBC Worldwide, the commercial arm of the Brit pubcaster, reported a 1% rise in profit to £156 million ($236 million) for 2012/13, it revealed in its annual review.

The company grew headline sales by 3% to $1.69 billion, thanks to programs such as “Top Gear” and “Africa” and posted profit before tax, excluding gains and losses on disposals, at $188.8 million for the year, a 21% year-on-year growth.

Revenue for the company grew by 3% to $1.7 billion while the commercial arm returned $236 million to the Beeb in 2012/13, down 28% from last year.

Addtionally, BBC Worldwide invested $266 million on generating new content. A spokesperson said that as this was the first year the company has published the total investment tally, there is no comparable figure from last year.

“BBC Worldwide’s performance has remained very robust despite the economic challenges facing the media sector, with particular growth in program sales and our international channels,” said Tim Davie, chief exec of BBC Worldwide and director, global, in a statement. “2013/14 will be a transformational year for the company with a re-focused strategy that maximizes opportunities presented by new markets and technology.”

Investments in distribution rights for the commercial arm sat at $157.2 million, of which $111.8 million was into BBC commissions. $137.5 million was returned to independent rights holders through upfront rights investment, profit share and royalties.

Top selling programs this year included “Africa” (sold to 195 territories), “Top Gear USA” (sold to 174 territories, “Ripper Street” and “Parade’s End” (each sold to more than 120 territories).

The format of “The Great Bake Off” now has 13 international commissions and “Dancing with the Stars” (the international version of “Strictly Come Dancing”) has sold 46 local versions.

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 1

Leave a Reply

1 Comment

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

  1. Walter Herrick says:

    I have watched top gear for a number of years and the alpha dog Mr Clarkson has some kind of axe to grind with the bbc, the threeo stooges should get there act together they are funny at times, they are factual at times, but should tone it down on the friction they seem to have between each other. No one wants to watch name calling, actions not be fitting adults. They need to focus on whats important to the people of the world, comedy is in the mind of the beholder. If the producers have a axe to grind with the presenters keep it out of the show, let the people get there moneys worth, the uk is paid for by the people of uk, bc and so forth down the line, let them get there money. If the sponsors have something to do with this shame on you. Starting to look else were to get some motoring news and knowledge, if your not part of the solution your part of the problem!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

More TV News from Variety