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23/01/2003

BBC Worldwide and Discovery sign new footage agreement

BBC Worldwide and Discovery Communications Inc. (DCI) have signed a major stock footage licensing deal.
Under the terms of the new agreement, BBC Worldwide will provide DCI access to the world's leading moving image source by licensing its footage for the broadcaster's wide range of programming. The deal reinforces the association of two of the world's most highly respected and complementary international broadcasters. Representing a significant restructuring of their previous three-year access agreement, the deal now provides producers of DCI programs, anywhere in the world, equal access to BBC and CBS News content.
It further complements the far-reaching global alliance formed by the two companies in 1998, which generates substantial annual income through programming and the development of joint-venture channels.
Mark Fricker, Director of BBC Library Sales, said: "This new agreement illustrates the importance BBC Worldwide place on the motion imagery licensing business and its future development. To further our relationship with DCI in this way is another significant step forward towards BBC Worldwide's ambition to be the world's leading supplier of motion imagery to media professionals."
The total international stock footage market is currently valued at £200m and, through this deal, BBC Worldwide will continue to expand its market share.
(GB)
VMI.TV Ltd

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