BBC Studios Posts $2.7 Billion Turnover and Boosted Profits, Major Dip in Channels and Streaming Business
BBC Studios, the commercial arm of the BBC, has passed £2 billion ($2.7 billion) in sales and nudged up profits to £240 million, but an advertising downturn is hitting its channels and streaming business. The corporation unveiled its annual report for 2022/2023 on Tuesday amid an ongoing presenter scandal that’s kept the BBC in national headlines since July 6.
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