Tuesday, July 14, 2009

BBCWW £1bn sales, profits fall

BBC Worldwide, the BBC's commercial arm, saw yearly revenue hit £1 billion (E1.16bn) for the first time, but profit fell because of write-offs on Kangaroo and damage from the collapse of its video distribution joint venture with Woolworths. In the year to March 31st, revenue rose 9.5 per cent, while profits were just £85.7 million.

BBC Worldwide made more than half of its revenue from abroad, from just below half last year. Five per cent of revenue came from online activity.

Source: http://mnilive.com

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