BBC Worldwide Sells Stake In Animal Planet For $156M
In an effort to focus on its own “BBC” branded entities, BBC Worldwide has announced that it’s sold off the 50% stake it held in Animal Planet to its partner Discovery Communications. The $156 million deal ends a join venture that started in 1996 with the launch of the fledgling channel. Today, AP has nearly 250 million subscribers in more than 170 countries across Europe, Asia and Latin America.
Besides the sell off, the BBC and Discovery also renewed their programming partnership for co-productions and program acquisitions for North America by two years to 2014. This partnership has previous created such landmark series such as Life, Planet Earth, Blue Planet and Wonders of the Solar System.