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BBC Studios CEO Optimistic Amidst Industry Turmoil
23 Feb
Summary
- BBC Studios revenue surged 55.7% over the last four years.
- BritBox International and BBC Select are seeing significant growth.
- A 'Bluey' movie is confirmed to be in development.
BBC Studios CEO Tom Fussell and CEO and chief creative officer of BBC Studios Productions, Zai Bennett, addressed industry challenges and growth opportunities at the BBC Studios Showcase. Fussell remains unfazed by potential U.S. tariff talk, noting the resilience of the BBC brand and continued popularity of BBC News. He views market consolidation, like the planned Netflix-Warner Bros. Discovery deal, as a sign of slower growth but remains confident in BBC Studios' diversified strategy.
BBC Studios has experienced significant financial growth, with revenue up 55.7 percent over the last four years. The company is expanding its global streaming presence, evidenced by the success of BritBox International and BBC Select, which is now the third-largest factual SVOD in the United States. Bennett also indicated a "new normal" for the market, with signs of recovery and Paramount returning to active spending, though not reaching previous peaks.
Looking ahead, BBC Studios is actively pursuing both organic and inorganic growth, potentially through acquisitions in Europe, the Middle East, and Africa. The company is also investing in streaming across various genres, aiming to further solidify its position as a leader in British content globally. Furthermore, development on a "Bluey" movie is progressing well, with early previews described as amazing.
