UKTV Channels split between BBC and Discovery
(Reuters) – Discovery Inc and the BBC have agreed to split up broadcaster UKTV and strike a new 10-year agreement that will lead to the creation of a new global subscription video-on-demand service, the two companies said on Monday.
The new service, owned by Discovery, will pool the nature, science and wildlife libraries of the companies, and is aimed at viewers used to binge-watching shows on services like Netflix Inc.
BBC Studios, the commercial arm of the public broadcaster, will pay Discovery 173 million pounds ($225.40 million), which include the assumption of 70 million pounds of debt, to take over seven entertainment themed channels: Alibi, Dave, Drama, Eden, Gold, Yesterday and W.
UKTV is a cash cow for the BBC, with profits surging from £29m to more than £90m in the past eight years, valuing the business at about £1bn.
Discovery will assume ownership of UKTV’s lifestyle channels Good Food, Home and Really.
So, the BBC take full control of:
Alibi (+1, HD)
Dave (+1. HD)
Gold (+1, HD)
W (+1, HD)
Eden (+1, HD)
Discovery have acquired:
Good Food (+1, HD)
The deal is expected to complete in late Spring (2019)
Top 10 Most Viewed Posts In The Last 7 Days
- Satellite TV Solar Outage Time Again – October 2020
- IPTV Buffering and Freezing – try these tips
- Channels available on Freesat TV
- Humax Freesat Remote Control not working
- BeIN Sports (Mena) Receiver Updates Not Working – this solution worked for me!
- Sky Arts to be available for free on Freeview and Freesat and Sky boxes soon.
- New Arris Freesat 4K box officially released
- Intelsat 901 has taken over Intelsat 907 operations at 27.5 West
- Food Network & Travel Channel: new satellite frequencies
- Dreambox Confusion – Satellite receiver or Android TV