Money news! Thanks to big name brands like Doctor Who, Top Gear and Strictly Come Dancing BBC Worldwide has reported an 8% rise in headline profit to £155 million for the financial year 2011/2012! Hurrah for Money!
Digital Spy reports that Worldwide, the commercial arm of the BBC, yesterday announced a pre-tax increase of 13% on a like-for-like basis to £104m, after Worldwide increased its headlines sales by 5% to £1,085m in the 12 months to March 31, 2012 – the fourth successive year that sales have topped ONE BILLION DOLLARS!
This figure excludes the total £121m earned by Worldwide in the sale and licensing deals for its BBC Magazines division, agreed last year in case you were worried.
The five core BBC brands – Top Gear, Doctor Who, Lonely Planet, Dancing with the Stars (the international version of Strictly Come Dancing) and BBC Earth – accounted for 30% of Worldwide’s headline sales.
The upside of all these profits is that Worldwide’s contributions to the BBC overall return grew by 19% to a record £216m – a welcome relief to the mainly licence-fee funded corporation currently undergoing spending cuts.
John Smith, the chief executive of BBC Worldwide, commented:
“These results have enabled BBC Worldwide to return £216m to the BBC, supporting development of world-class, original content in the context of a tighter licence fee.
BBC Worldwide also distributed programmes and formats produced by more than 200 UK independent producers in the year. I am proud of the unique role we play in helping our sectors of the UK creative industries to expand through exports.”