The BBC and Discovery have finally agreed custody arrangements at UKTV. Discovery takes lifestyle channels Good Food, Home and Really - to add to the 16 it already runs in the UK.
BBC Studios acquires the remaining seven channels – Alibi, Dave, Drama, Eden, Gold, Yesterday and W – along with digital player UKTV Play, and the UKTV brand. BBC-made programmes currently deliver half of these channels' viewing. Marcus Arthur, President, UK, Ireland & ANZ, BBC Studios Distribution, will also assume the role of CEO, UKTV.
To balance the books, BBC Studios pay £173m to Discovery. This includes the assumption of £70m of debt, currently financed by Discovery.
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