Company History
The company was originally known as BBC Resources and was set up in 1998, making an operating profit of £1.3 million in its first full year. It was divided into four business units: BBC Studios, BBC Post Production, BBC Outside Broadcasts, and BBC Costume + Wigs. The BBC Costume + Wigs division closed in February 2008, as it was no longer commercially viable and the costumes were sold as a going concern to Angels Costumiers. Following a lengthy sales process, which was announced in December 2005 but delayed until August 2007, BBC Outside Broadcasts was sold in March 2008 to SIS Communications. In August 2008 Mark Thomas became CEO of BBC Resources. On 1 December 2008 the management team announced that nearly 200 jobs would be lost by June 2009 as part of a restructuring move to make the business smaller, more flexible and resilient to changes in demand. This affected up to 38 Editors, 26 Assistants as well as operational staff, administration and support staff. In April 2009 the company announced it was merging the Studios and Post Production businesses, changing the company name to BBC Studios and Post Production and appointing a new leadership team. The company made a small trading loss in 2008-09. However, it made a small operating profit in 2009-10.
Read more about this topic: BBC Studios And Post Production
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