Paramount+‘s international ad-tier plans are coming together.
01.03.2024 - 08:47 / variety.com
Naman Ramachandran BBC Studios has bought British broadcaster ITV‘s 50% stake in streamer BritBox International for £255 million ($322 million), the companies revealed on Friday. The streamer was founded in 2017 as a joint venture between BBC Studios, which is the commercial arm of the British broadcaster, and ITV. “The transaction will provide net proceeds including loan repayments and accrued dividends and after tax of around £235 million,” the companies said.
“The sale reflects ITV’s strategy of focusing on supercharging its U.K. advertiser-funded streaming service, ITVX and growing its global Studios division,” ITV added. “The board intends to return the entire net sale proceeds to shareholders through a share buyback which it expects to launch imminently after the full-year results on March 7.” Under the terms of the agreement, ITV Studios will continue to receive an ongoing revenue stream from BritBox International similar to current levels for the use of ITV content under new extended licensing agreements.
BritBox U.K. will remain unaffected and will still feature BBC content as part of separate long-term agreements. In 2022, ITV had bought out the BBC’s share of BritBox U.K.
ahead of the launch of ITVX. BritBox International, designed as a “best of British” streamer, is available across the U.S., Canada, Australia, South Africa, Sweden, Denmark, Norway and Finland. The service has grown subscribers by over 300% in the past four years, with more than 3.75 million subscribers and has an enterprise value of some £500 million.
Paramount+‘s international ad-tier plans are coming together.
Naman Ramachandran Robert Schildhouse will serve in an expanded role at streamer BritBox International following the departure of global CEO Reemah Sakaan. Schildhouse, who previously had stints with Hulu and CBS, joined the streamer in 2022, with his most recent position being general manager, North America, and group editorial for BritBox International, where he was instrumental in driving the service’s business growth in the U.S. and Canada.
BritBox International has its new leader following BBC Studios‘ takeover of the streamer.
BBC Studios has acquired Werner Film Productions, the company behind Australian drama hit The Newsreader.
The premiere date for Doctor Who is here!
Rebecca Rubin Film and Media Reporter “Dune: Part Two” is barreling toward another box office milestone. Director Denis Villeneuve’s science-fiction sequel has grossed $494.7 million globally, including $208 million in North America and $289.4 million internationally. It should surpass the $500 million mark by Monday, a figure that few films have reached in post-pandemic times.
Elsa Keslassy International Correspondent Memento International has closed a raft of deals on “Fremont,” a critically acclaimed film starring Anaita Wali Zada, an Afghan refugee and first-time actor, and featuring “The Bear” actor Jeremy Allen White. Directed by BAFTA-nominated Iranian-born director Babak Jalali, the black-and-white movie tells the story of Donya, a young woman working at a Chinese fortune cookie factory in the San Francisco bay. Formerly a translator for the U.S.
Around one in five people across the UK are set to receive a massive cash boost from next month, as the new State Pension rates are set to increase by as much as £902 each year for people on the full benefit.
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BBC Studios is increasing its debt facility by £250M ($318M) — a move that closely follows the acquisition of BritBox International, its biggest ever single transaction.
Millions of people claiming their State Pension can look forward to an inflation-busting boost next month when payments rise by 8.5 per cent from April 8, 2024. Under the wages growth measure of the Triple Lock policy, those on the full New State Pension can expect an annual increase of £902, while those on the full Basic State Pension will see an uplift of £692.
Rebecca Rubin Film and Media Reporter “Dune: Part Two” is turbocharging the international box office. Director Denis Villeneuve’s otherworldly sequel has generated $97 million from 71 overseas markets, bringing its global tally to a promising $178.5 million. Those worldwide revenues include $81.5 million from North American theaters, where it landed the biggest domestic opening weekend of the year.
Good afternoon Insiders, Jesse Whittock with you in London, where the TV world has decamped this week for a series of screenings. Read on, and sign up for the newsletter here.
K.J. Yossman BBC Studios has tapped Nicola Pinn for the newly-created role of chief operating officer of factual productions. BBC Studios factual managing director Kate Ward unveiled Pinn’s promotion.
BBC Studios has paid £255M ($321M) to acquire ITV‘s shareholding in their joint venture streamer, BritBox International — the biggest ever single transaction for the BBC’s commercial wing.
Selome Hailu Tubi has released a trailer for “Boarders,” a British teen dramedy series the service acquired from BBC. The series will be branded as a Tubi Original in North America and premieres with all six hour-long episodes on March 8. Per the official description, “‘Boarders’ is a high energy, warm and funny coming of age drama which follows lives of five Black inner city school teenagers who find themselves on scholarships to one of Britain’s oldest and most prestigious boarding schools, St.
Jennifer Salke, head of Amazon MGM Studios, and James Farrell, the L.A.-based VP of international originals at Prime Video, flew to Madrid this week, with the world premiere of “Red Queen” (“Reina Roja”), the series adaption of the first book in Juan Gómez-Jurado’s hit trilogy, taking place on Monday night. The streamer is rolling off the record-breaking finale of its first weekly live entertainment show “Operación Triunfo,” and has revealed that the top three of the the ten most-watched Spanish Originals of 2023 – “My Fault,” “Awareness” and “Los Farad” – have received on average 80% of streams outside of Spain, reaching a milestone for the international reach of Prime Video’s non-English language content.
Addie Morfoot Contributor Netflix has acquired the Oscar-nominated documentary feature “To Kill a Tiger.” The film, about a father’s pursuit of justice in rural India, premiered at the Toronto International Film Festival in 2022 and was awarded best documentary at the 2023 Palm Springs International Film Festival. “To Kill a Tiger” was, up until now, the only film this year to be nominated for the best feature doc Oscar without distribution.
Welcome to Deadline’s London TV Screenings list, our definitive look at next week’s buzzy event taking Soho by storm. If you’re wondering who’s exhibiting, what’s on offer and want to dive deeper into the distribs’ strategy, we’ve done the hard work for you, presenting profiles from nearly 30 exhibiting sales houses. Below, check out profiles for all the London TV Screenings founders, along with the outfits based in the UK. Read on, and find all our London TV Screenings content throughout the week here.