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New Deal


Announced

Completed

BBC Studios completed the acquisition of 50% stake in UKTV’s ‘entertainment’ channels.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned50%
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Radio and TV Broadcasters

Majority

tv channel

Joint Venture

Friendly

Private

Acquisition

entertainment channels

Completed

Single Bidder

Synopsis

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BBC Studios completed the acquisition of UKTV's ‘entertainment’ channels. UKTV's ‘entertainment’ portfolio consists of seven channels – Alibi, Dave, Drama, Eden, Gold, Yesterday and W – along with digital player UKTV Play, and the UKTV brand. Following these changes, the entertainment channels will continue to operate under the UKTV brand out of UKTV’s offices and BBC Studios will look to grow investment into UK programming, including original content, for the channels it will own. "The BBC makes outstanding natural history and science programmes. They are ground-breaking and demonstrate the quality and depth of our know-how. It is vital that we keep investing and growing them for the future. This is our largest ever content sales deal. It will mean BBC Studios and Discovery will work together to take our content right across the globe through a new world-beating streaming service. Global subscribers are in for a real treat: the best content on a great new platform," Tony Hall, BBC Director-General.

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