BBC Studios Secures Full Ownership of BritBox International in $322 Million Deal
The acquisition marks BBC Studios' largest transaction, bolstering its streaming portfolio while ITV focuses on shareholder returns and its UK operations.
- BBC Studios acquires ITV's 50% stake in BritBox International for $322 million, becoming the sole owner.
- The deal, valued at over $631 million, marks BBC Studios' largest single transaction.
- BritBox International, a 'Best of British' streamer, has grown its subscriber base by over 300% in the past four years, now boasting 3.75 million subscribers.
- ITV plans to return the net sale proceeds to shareholders through a share buyback scheme.
- BritBox International will continue to feature ITV content under new extended licensing agreements, while BritBox UK remains unaffected.
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