#BBC Studios Buys ITV’s Stake in Streamer BritBox for $322M
BBC Studios, the BBC’s commercial content studio and streaming business, is acquiring ITV’s 50 percent stake in BritBox International for $322 million. The deal, announced Friday, will give BBC Studios full ownership of the BritBox streaming platform and values the streamer at $631 million. As part of the agreement, BBC Studios has extended its licensing…