Ownership and Structure of BBC Worldwide

The commercial arm of the British Broadcasting Corporation, BBC Worldwide, operates as a wholly-owned subsidiary of the BBC and is responsible for exploiting and maximizing the value of BBC content and brands internationally through various commercial activities.

Overview of Ownership and Structures

BBC Worldwide was initially owned by the BBC itself. However, in 2018, it merged with BBC Studios, the production and distribution arm of the BBC, forming a new integrated company called BBC Studios. This new entity continues to operate as a commercial subsidiary of the BBC.

Ownership Details

While the BBC remains the majority shareholder in BBC Studios, the British government holds the remaining shares. This unique arrangement underlines the public broadcasting structure of the BBC, which operates as a public service broadcaster established under a Royal Charter.

Public Service Broadcasting

The BBC is a public organization operating under a Royal Charter. It is not owned by an individual or a regular company. It functions as a public service broadcaster, funded by the UK government through charging all UK television viewers a license fee. This funding model ensures its independence and adherence to public service principles.

Conclusion

The ownership and structure of BBC Worldwide reflect the broader framework of public service broadcasting in the UK. Despite its commercial operations, it remains a vital public institution, serving the interests of the British public.