Record profits for BBC Worldwide

Profits up 24 per cent to £111.1m for year ending March 31st 2007.
Author:
Publish date:
Social count:
0
5_Pocoyo.jpg

BBC Worldwide has today revealed record pre-tax profits of £111.1 million on sales of £810.4 million.

Highlights of the year include continued strong profits growth, very strong international sales of hit shows and formats around the world, the refreshing of the company's wholly own channel portfolio and laying the foundations for strong digital revenue growth.

Following a strategic review and reorganisation three years ago, BBC Worldwide now operates six businesses: Global Channels, Global TV Sales, Content & Production, Magazines, Home Entertainment and Digital Media.

Home Entertainment enjoyed a profit of £24.4m over the previous year. However, losses in the Children's section (previously a standalone business) continued and the business was moved into the HE sector where it could benefit from the combined management expertise in publishing and licensing.

Sales from merchandising licences grew to almost £9m - its higest level for five years. Doctor Who was the fastest growing licence in the UK children's market in 2006.

"BBC Worldwide has achieved a three-fold increase in profits in the last three years," said John Smith, chief executive at BBC Worldwide. "We have exceeded expectations in most of our businesses over the past 12 months, reflecting healthy returns from our new Channels business, strong TV catalogue sales and growing demand internationally for BBC formats."

Related

5_Pocoyo.jpg

Good year for Hornby

Hornby has  announced its preliminary results for the year ended 31st March 2007, with turnover up and profits improving slightly.

5_Pocoyo.jpg

More gloom as Workshop profits fall

There's yet more High Street gloom as the Games Workshop Group warns that  full-year profit were likely to fall short of current expectations, following a 17 per cent slide in sales in the five weeks to January 1st.

5_Pocoyo.jpg

Hornby on the up

Hornby has reported a 15 per cent increase in sales to £45m for the year to the end of March, with pre-tax profits up 16 per cent to £7.5m.

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.

Liberty

UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.