BBC Studios and Discovery have accomplished the deal to separate up the channels of their joint British TV enterprise, UKTV.
It follows an settlement between the 2 events – introduced in April – which sees BBC Studios take management of the enterprise’s seven leisure channels, together with Alibi, Dave, Drama, Eden, Gold, W and Yesterday, whereas Discovery retains way of life channels Actually, House and Good Meals.
BBC Studios additionally holds onto the UKTV model (which launched 22 years in the past following a joint partnership with Flextech) in addition to its digital catch-up service UKTV Play.
Uncover had a 50% stake in UKTV following its takeover of Scripps Community final yr.
The BBC acquired Discovery’s stakes in channels for a reported £173m ($220m) and the sale comes as half of a bigger settlement between the 2 firms for international streaming rights to the BBC’s natural history programming.
A ten-year content material partnership deal introduced in April made Discovery the unique world SVOD house (excluding UK, Eire and Higher China) of BBC landmark pure historical past programmes, together with Planet Earth, Blue Planet, Life and Dynasties.
Discovery additionally acquired SVOD rights to tons of of hours of BBC programming throughout factual genres.
BBC Studios president Marcus Arthur, who will act as the brand new chief govt of UKTV, mentioned that the multichannel broadcaster had “always been an important part of the BBC Group, creating value for license fee payers and British programme makers.”
He added: “UKTV’s award-winning brands, innovative commissions and premium acquisitions have delivered large and loyal audiences who love great TV. As a wholly-owned part of BBC Studios we will support its future content ambitions, building on its history of success over many years.”
James Gibbons, EVP and basic supervisor for the UK and ANZ at Discovery, additionally welcomed UKTV’s way of life channels into its UK portfolio.
“Today marks an exciting milestone for Discovery. We are committed to deepening our position with viewers as the leader in real-life entertainment by building great brands that power people’s passions and deliver value to our partners.”
Following the break up, 5 channels from each companies, Dave, DMAX, House, Quest and Yesterday, are all transferring into new positions on the Freeview EPG