BBC Worldwide is a wholly owned subsidiary of the UK's state-owned broadcaster. It was created-in its current form-14 years ago in order to exploit the intellectual property of the BBC overseas. There are six operating businesses within BBC Worldwide-Global Channels, Global TV Sales, Content & Production, Magazines, Home Entertainment and Digital Media. "We were created to take risks that would be inappropriate for the BBC to take with licence fee payers' money," explains Mercier. "So we are an independent way of raising money."
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