BBC Worldwide Limited is the wholly owned commercial subsidiary of the British Broadcasting Corporation, formed out of a restructuring of its predecessor BBC Enterprises in 1995. The company exploits BBC brands, sells BBC and other British programming for broadcast abroad with the aim of supplementing the income received by the BBC through the license fee.
In the year to 31 March 2010 it made a profit of £145m on a turnover of £1.074bn. The company had made a profit of £106m on a turnover of £1,004m in the previous financial year. In the year to 31 March 2011 BBC Worldwide's headline profits were up 10.3% to £160.2m - its highest level ever. The growth helped lift the overall return to the BBC by nearly 9% to £182m.
Famous quotes containing the word bbc:
“To err is human, but to really foul things up requires a computer.”
—Anonymous. quoted in Quote Unquote, Feb. 22, 1982, BBC Radio 4.