| Bbc Worldwide |
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BBC Worldwide Limited is the wholly owned Commercial subsidiary of the British Broadcasting Corporation , formed out of a restructuring of its predecessor BBC Enterprises in 1995 . In the year to 31 March 2007 it had a turnover of £810.4m. Worldwide is responsible for a wide range of commercial activities, primarily connected in some way with the output and public purposes of the main BBC. The company's work includes investment in Television and Film production - Worldwide will often provide additional budget for BBC productions in return for various commercial rights to the programmes, and has also done so for non-BBC programmes as well, such as the Red Production Company drama ''Mine All Mine'' for the BBC's rival ITV network in 2004. In 2006, a Content & Production business, headed by former BBC controller of entertainment Wayne Garvie, was formed to produce local versions of BBC formats overseas (maximising revenues by receiving a production fee from the local broadcaster as well as a sum from selling the initial re-versioning rights). BBC Worldwide has also, since, taken a 25% stake in Left Bank Pictures, a newly-formed independent film & TV production company, owned and run by former ITV Productions controller of comedy and drama Andy Harries. | ||
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