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Discovery has added a raft of U.K. lifestyle channels to its lineup, and BBC Studios a cluster of entertainment offerings, after the pair completed their UKTV deal.
The UKTV channels group was a joint-venture between BBC Studios, the commercial arm of the U.K. pubcaster, and Scripps. The deal to untangle the ownership of the networks in the group came after Discovery became a partner in UKTV by way of acquiring Scripps. The channels split was announced in April.
UKTV - Deal - BBC - Studios - Discovery
The UKTV deal sees BBC Studios pay U.S.-listed Discovery £173 million ($220 million). The channels carve-up puts lifestyle channels Really, Home and Good Food in Discovery’s hands. BBC Studios takes full ownership of entertainment nets Alibi, Dave, Drama, Eden, Gold, W and Yesterday. It also gets the UKTV brand, and the on-demand service UKTV Play.
“UKTV has always been an important part of the BBC Group, creating value for licence fee payers and British program makers,” said Marcus Arthur, who was named president, U.K., Ireland, and Australasia at BBC Studios in a management rejig announced last...
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