For most people in the United Kingdom, the BBC is an institution, a way of life. For those outside of Blighty, the British Broadcasting Company speaks of a perfect British accent, a global eye on the world’s affairs and a sense of critical, objective examination that's not afraid to turn on anyone - not even itself. The journalists, presenters, producers and writers that make up the radio, television and increasingly online divisions of the BBC are those at the top of their game and the calibre of material leaving their HQ reflects this.
But who funds these ever-increasing channels of communication and just how much is the BBC worth? Well, the British Broadcasting Company - to give the BBC its full title - is actually a public company and as such receives funding from both the government and the public. When Britons pay their TV licences they are paying for the upkeep and maintenance of this thoroughly British institution. Other partnerships and sources of income also exist for the Beeb and the total amount of cash coming from these different divisions is a lot more than you may think. Information is Beautiful has taken look at the publicly available accounts at the BBC to see how and where this money is being made and spent: from local radio to international productions, it’s all in there. Whether it's the BBC World Service you're listening to or whether you're simply watching episodes of Sherlock on Netflix, you could well be enjoying one of BBC's many assets. So where does the BBC spend, and where do they make their money? We've summed it all up here in 10 figures on the internal workings of this media giant.
10 BBC Orchestras: $49 Million
9 Switch to Digital: $94 Million
8 London Olympics Rights: $111 Million
7 BBC4: $118 Million
6 Local Radio: $256 Million
5 BBC Online: $297 Million
4 BBC World Service Government Grant: $466 Million
3 Commercial Business: $1.5 Billion
2 Licence Fees: $6.17 Billion
1 Total Income: $8.6 Billion
In total, the BBC made $8.6 billion last year, a phenomenal amount for any broadcaster and evidence of the continued demand for the services of this now almost-100 year old institution. Alongside the licences fees and commercial business, the BBC also generates money by earning profits from their high profile events, their cinema releases, donations, selling the rights to their own productions and back catalogues and BBC retail sales of books, DVDs and their magazine, The Radio Times. If you're thinking of a career in broadcasting then the BBC could be the place for you. It certainly has plenty of cash flying around, provided you're in the right department. The top dog at the BBC last year received a salary of $757,935. A decent amount, but admittedly significantly less than many of the salaries offered by cable television networks in the United States. As anyone in the BBC would of course tell you, the quality of the service they give their viewers, is of course priceless. Well, priceless aside from that licence fee!
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