Steve Clarke The BBC will not receive a dividend from commercial arm BBC Studios this year due to the financial impact of the COVID-19 crisis.Fran Unsworth, the BBC’s director of news and current affairs, has said there would be no dividend from BBC Studios due to “the collapse of production and advertising revenues.”“The BBC’s financial position has gotten worse,” she explained in a webinar held by the Royal Television Society on Thursday.Last year, BBC Studios profits more than doubled and the outfit returned a total of £243 million ($302 million) to the BBC, including £65 million ($81 million) in dividends.
The division is led by Tim Davie, who was last week tapped to replace outgoing director general Tony Hall.This year’s results,.
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