BBC Worldwide

BBC Worldwide Ltd. was the wholly owned commercial subsidiary of the BBC, formed out of a restructuring of its predecessor BBC Enterprises in January 1995. The company monetised BBC brands, selling BBC and other British programming for broadcast abroad with the aim of supplementing the income received by the BBC through the licence fee.

The company merged with BBC Studios on 1 April 2018, to form a new licensing, production, and distribution company under the BBC Studios name.

In addition to broadcasting, the BBC has for much of its life also produced additional materials for sale, the profits of which would be returned to the corporation to aid in the financing of these services. The highest profile of these early products was the listings magazine Radio Times, but the net revenue gained from this in 1928 (£93,686, 10s, 1d) only equated to 10% of total BBC income.

Prior to 1979, several BBC departments dealt with the exploitation and sale of BBC brands and programmes. BBC Publications, which produced magazines, books and other supplementary materials, had expanded rapidly in the late 1960s but still had difficulties with finances. In 1974, the division made a loss of £14,000. This was rectified however as the economic situation eased and by 1982, BBC Publications had a trading profit of £4.7 million. BBC Transcription Services licensed BBC Radio material to overseas broadcasters.

The selling of television programmes was at first handled in 1958 with the establishment of a business manager post. This gradually expanded until the establishment of the Television Promotions (later renamed Television Enterprises) department in 1960 under a general manager. In its first year, the department saw the sale of 550 programmes overseas with a turnover of £234,000, with a further 1,200 programmes sold the following year. Radio programmes were only exploited on the same level with the creation of the Radio Enterprises department in 1966. The two departments were merged to form the BBC Enterprises department in October 1968.

On 15 May 1979, the department became BBC Enterprises Ltd., a subsidiary company wholly owned by the BBC. By 1982, the division were expanding with divisions responsible for home video (under the brand BBC Video), recorded audio (under the brands BBC Records and BBC Cassettes), film and merchandising. At this point the company had a turnover of £23 million. On 1 April 1986, all commercial activities of the corporation, including BBC Publications, was merged into BBC Enterprises Ltd.

In 1991, BBC World Service Television became the first commercially funded BBC broadcasting operation after the Foreign Office refused to pay for it. BBC Enterprises Ltd was subsequently reorganised on 1 January 1995 as BBC Worldwide Ltd. A review of the BBC's commercial activities took place in 2004 and concluded that the sell off of BBC Worldwide's assets would not be as advantageous as keeping the business and driving it harder. Instead, some changes to its remit, focus, structure and governance were made, e.g. that it would only publish titles in the UK linked to BBC programmes or key genres.

On 12 July 2004, BBC Worldwide and Woolworths Group announced they had entered into a joint venture to form 2 Entertain (stylized as 2 | entertain), which would combine BBC Worldwide's video publishing unit (BBC Video) with Woolworths Group's video publishing, music publishing and video production unit (Video Collection International). BBC Worldwide would hold 60%, while the Woolworths Group would hold 40%, additionally, both BBC Worldwide and Woolworths Group wanted 2 Entertain to better compete with the major studios. The deal was completed on 27 September with Video Collection International being renamed 2 Entertain Video Ltd. in October.