Some more re-drawing of the lines at the BBC. BBC Studios takes over Children's programme makers, previously left free from commercial imperatives. And BBC Global News Ltd becomes a division of BBC Studios, rather than a fully standalone company.
New DG Tim Davie has set a target of £300m coming back to the BBC from Studios in each of the five years from 2022/23, up from the previous target of £240m. He says it's 'ambitious' but frankly, it's not really a game-changer - equivalent to 8.5% of current licence fee income.
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