BBC Studios has fallen well short of its targets for commissions from third-party streamers and broadcasters, and is too reliant on old brands like Doctor Who to prop up its revenue.
That’s the verdict of a detailed 43-page report on the BBC’s commercial production and distribution arm by the National Audit Office (Nao), the UK’s public sector spending watchdog.
The BBC spun off its huge production division into BBC Studios in 2016 and two years later merged it with distribution arm BBC Worldwide. A major ambition behind the move was to ensure BBC producers could go out to other streamers and broadcasters and win new business, rather than only serving the BBC’s television channels.
The Nao said the planning that went into creating BBC Studios ensured it made a “good start,” but it found that the commercial entity failed to meet forecasts in terms of the revenue it generated from third-party commissions,...
That’s the verdict of a detailed 43-page report on the BBC’s commercial production and distribution arm by the National Audit Office (Nao), the UK’s public sector spending watchdog.
The BBC spun off its huge production division into BBC Studios in 2016 and two years later merged it with distribution arm BBC Worldwide. A major ambition behind the move was to ensure BBC producers could go out to other streamers and broadcasters and win new business, rather than only serving the BBC’s television channels.
The Nao said the planning that went into creating BBC Studios ensured it made a “good start,” but it found that the commercial entity failed to meet forecasts in terms of the revenue it generated from third-party commissions,...
- 1/9/2020
- by Jake Kanter
- Deadline Film + TV
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