‘Outer Banks’ Season 4: Pollyanna McIntosh, J. Anthony Crane, Brianna Brown, Rigo Sanchez & Mia Challis Join Cast Of Netflix’s YA DramaIn a regulatory note confirming the sale this morning, ITV confirmed it had sold its 50%, with the proceeds set to return to shareholders through a share buyback scheme that will launch after full-year results are posted on March 7. The BBC subsequently confirmed the deal in a separate statement.
Tom Fussell, BBC Studios CEO, added: “This is an important acquisition for us. We are taking full ownership of a successful, growing service we know well and that fits with our stated ambition to double the size of our business. Britbox International has British content at its heart and it generates and satisfies demand for British shows outside the UK. We will continue to make significant investments in the future to deliver long term value to the BBC.
ITV Studios, the sales and production arm of ITV, 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.”, ITV CEO, said: “The sale of 50% of BritBox International means ITV is focused on its core strategic goals of continuing to build on ITVX’s success and growing ITV Studios.
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