Discovery and BBC Studios have inked a nearly $400 million programming deal that will see high-end natural history programming from the latter play on a new Discovery global streaming service set for launch by 2020. Under a decade-long deal, Discovery has acquired a raft of BBC content for its new Svod service and will work with BBC Studios, the U.K. pubcaster’s production and distribution unit, to develop new programming across natural history, travel, science and other factual genres.
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Discovery CEO and president David Zaslav said the new, as-yet-unnamed streamer could launch for under $5 a month.
Separately, the two companies have untangled ownership of the UKTV channels group, with Discovery set to take the lifestyle networks and BBC Studios the entertainment channels in a deal that will see BBC Studios pay the U.S. firm £173 million ($226 million).
The announcement Monday of Discovery’s upcoming factual streaming platform comes as the