BBC Studios Gets Set For Major West Coast Push As CEO Tom Fussell Hails Record Results

BBC The studio has big plans for its activity in the West Coast, as CEO Tom Fussell reported record results, saying, “Our growth is coming from everywhere.”

Fusel was in an upbeat mood, speaking with Deadline hours after the publication of the BBC’s annual report, which showed profits up 56% to £226M ($267M) in the latest fiscal year, with turnover rising 30%. From £1.6B ($1.9B).

He talked about activity in the upcoming West Coast, recently met with Netflix and Apple TV+ execs in LA, including Ted Sarandos, as bbc studio natural history series prehistoric planet From Jon Favreau for the latter.

“We’re growing very fast on the West Coast in terms of production,” Fussell said. “And there’s a lot more development coming, whether it’s partnering with American giants BBC or we’re producing directly for America.” [without the BBC network involved],

As it seeks to build on a successful year, Fusel is also looking to supercharge existing BBC Studio products outside the UK on the day the online education platform BBC Maestro launched in the US, as well as make money. For. built-in ip like Blue.

Fusel attributed the strong returns to “locked in growth coming from production” and about two-thirds of BBC Studios’ production and distribution revenue now comes from third parties, an increase of about 50% over the previous year.

He spoke of the breadth of international development, pointing to a remake of the Idris Elba-starring hit Luther More CBS success in India ghost, Which originated on BBC One and is co-produced by BBC Studios and Lionsgate in the States.

“I’ve worked for production companies for many years and often you’re counting on one show or format, but we’re getting growth from everywhere, and there’s more to come,” he said.

Fussell dismissed the notion that the results are partly due to “COVID bounceback” and praised its production teams for cost management during the COVID period.

M&A and talent deals are also on Fusel’s mind, with BBC Studios fully owned by Vipul Sherwood late last year made a talent deal with Producer House Productions and stat let’s flats Producer Jamie Demetriou last week.

“We’ve always wanted to bring talent in and won’t rule out seeing another” [non-scripted] Along with the styles,” he explained. “We’re always in talks with companies that manufacture different styles, so we’ll see.”

The executive became CEO last year, after a nearly year-long search to replace his predecessor Tim Davey, who is now the BBC’s director general.