Rise of streaming services and sponsorship helps BBC Worldwide boost ANZ sales

The local arm of British public broadcaster BBC has increased its profits in the last financial year, boosted by the likes of streaming services Stan and Presto competing for its content.

For the year ended March 31, BBC Worldwide Australia and New Zealand reported a profit of £19.2m ($33.4m) from revenues of £79.1m ($137.6m).

While the pound value of local sales was down from £81.9m in the previous financial year, currency fluctuations mean a 5.3% increase in headline sales in local currency.