BBC Studios and Discovery have confirmed the completion of their deal to divide UKTV’s portfolio of channels between them.
Confirmed in April after months of speculation, the agreement sees BBC Studios, the broadcaster’s commercial subsidiary take control of entertainment channels Alibi, Dave, Drama, Eden, Gold, W and Yesterday, the UKTV brand, as well as the streaming service UKTV Play, while Discovery gains control of lifestyle channels Really, Home and Good Food.
Marcus Arthur, President, UK & Ireland at BBC Studios and new CEO of UKTV said, “UKTV has always been an important part of the BBC Group, creating value for licence fee payers and British programme makers.
“UKTV’s award-winning brands, innovative commissions and premium acquisitions have delivered large and loyal audiences who love great TV. As a wholly-owned part of BBC Studios we will support its future content ambitions, building on its history of success over many years.”
James Gibbons, EVP General Manager UK & ANZ at Discovery added: “Today marks an exciting milestone for Discovery, as we welcome UKTV’s lifestyle channels to our substantial UK portfolio.
“We are committed to deepening our position with viewers as the leader in real life entertainment by building great brands that power people’s passions and deliver value to our partners.”