BBC Studios Secures Small Profit In First Year As Commercial Subsidiary On Revenues Of $572M

Read on: Deadline

BBC Studios made a small profit in its first year as a commercial subsidiary with revenues of £432M ($572M). The company, which was spun-off into a commercial unit in April 2017, made an operating profit of £7.2M on 2,000 hours of programming. This comes as it secured a number of third-party commissions for the first time including The Red List, a Natural History Unit production for Discovery, five-part series Royal Wedding Watch for PBS and a raft of shows for Channel 4…