Posted 3/1/2024, 7:07:00 AM
BBC Studios Buys Out ITV's Stake in BritBox International for $322 Million
- BBC Studios has acquired ITV's 50% shareholding in BritBox International for £255M ($322M), valuing the streamer at over £500M
- The deal is the biggest ever single transaction for BBC Studios' commercial wing
- BritBox International CEO Reemah Sakaan will exit as the business joins BBC Studios' streaming division
- ITV said it is selling to focus efforts on growing its ITVX streamer and ITV Studios division
- BBC Studios said BritBox International will continue commissioning shows from a range of British producers and its content strategy won't change