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Britbox International

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business1 year ago•1 min saved

BBC Studios Acquires ITV's BritBox International Stake for $322M

ITV has sold its 49% stake in BritBox International to BBC Studios for £255 million, as part of its strategy to focus on its core business. BritBox International is a streaming service that offers British television content to international audiences. The sale reflects the ongoing consolidation in the media industry and BBC Studios' commitment to expanding its presence in the global streaming market.

via Financial Times|

#bbc-studios #britbox-international #business

business1 year ago•3 min saved

BBC Studios Acquires ITV's BritBox International Stake for $322 Million

BBC Studios has acquired ITV's 50% share in BritBox International for $322M, making it the biggest single transaction for the BBC's commercial wing. The deal values BritBox International at over £500M and will see the streamer join BBC Studios Global Media & Streaming division. BritBox UK, in which ITV owns 100% of the shares, is unaffected. The acquisition aims to double the size of BBC Studios' business and will not impact commissioning plans for BritBox International.

via Deadline|

#acquisition #bbc-studios #britbox-international