BBC Studios takes full control of BritBox International in a £255M deal

In a landmark move, BBC Studios has announced its acquisition of full ownership of BritBox International by purchasing ITV’s 50% stake for £255 million. This strategic acquisition positions the BBC’s branch to further expand and scale BritBox International’s reach.

BritBox International, established by BBC Studios and ITV in 2017, has rapidly become the premier streaming service for top-tier British television, particularly known for its compelling mystery dramas. The platform has seen growth, with subscriber numbers increasing by over 300% in the last four years, now boasting over 3.75 million subscribers and valued at approximately £500 million.

This acquisition not only signifies a pivotal moment for BBC Studios but also ensures the continued delivery of a broad spectrum of British content to BritBox International, thanks to extended licensing agreements with ITV.

Following BritBox International’s move into BBC Studios’ Global Media & Streaming division, its global CEO Reemah Sakaan is stepping down. Sakaan has been an important part of the company since the start, and for the past three years in the role of CEO she has overseen the venture’s accelerated growth and creative success.  Tom Fussell BBC Studios CEO said: “I’d like to thank Reemah for her outstanding contribution to BritBox International, which under her stewardship has seen remarkable year-on-year growth. Her passion and dedication has helped create a great culture and build a business that is loved by audiences and that has real momentum.”

Carolyn McCall, ITV CEO said: “I would like to thank the BritBox International team for making the company such a success and particularly CEO Reemah Sakaan for her leadership, drive and vision.”

BritBox International will be integrated into BBC Studios’ Global Media and Streaming division, enhancing its digital and direct-to-consumer service offerings. Rebecca Glashow, CEO of BBC Studios Global Media & Streaming, expressed enthusiasm about the acquisition, seeing it as a profitable venture with significant growth potential, backed by the full support of BBC.

Teradek ART. Redefin
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