BBC Studios Posts $2.7 Billion Turnover and Boosted Profits, Major Dip in Channels and Streaming Business
variety.comManori Ravindran Executive Editor of International BBC Studios, the commercial arm of the BBC, has passed £2 billion ($2.7 billion) in sales and nudged up profits to £240 million, but an advertising downturn is hitting its channels and streaming business.
The corporation unveiled its annual report for 2022/2023 on Tuesday amid an ongoing presenter scandal that’s kept the BBC in national headlines since July 6.
A planned virtual briefing with top brass was largely taken up by questions about the BBC’s handling of a complaint against one of its presenters, who remains unnamed due to privacy concerns.
While BBC Studios CEO Tom Fussell was meant to brief select press about the annual report, this was canceled due to the wider scandal, which saw director general Tim Davie take the brunt of questions from journalists.
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