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UKTV, the multi-channel TV and VoD provider owned by the BBC’s Worldwide commercial arm and Scripps Networks Interactive, has reported a 2012 operating profit of $112 million (£71m) based on revenues of $414 million. UKTV has never before revealed its numbers but these are believed to be record figures.
Executives from UKTV said a considerable portion of the extra cash would be ploughed back into programme-making, and the consortium had earmarked $174 million for investment this year.
UKTV’s cluster of channels includes Dave, Eden, Watch, Drama, Gold, Yesterday and Good Food.