BBC Studios

BBC Studios is the commercial subsidiary of the British Broadcasting Corporation.

Foundation
BBC Studios came into existence in April of 2016, as a result of a year-long operation to reorganise the BBC's internal non-news television production units into their own commercial subsidary.

Absorption of BBC Worldwide
In 2017, it was announced that BBC Worldwide would be subsumed by BBC Studios. This was done to consolidate the production and distribution of their non-news programming under one company.

Since this consolidation, BBC Studios has handled all home media releases of Doctor Who via 2Entertain, vinyl releases of existing TV episodes via Demon Music Group, and is in charge of negotiating & granting commercial licenses with Big Finish Productions, Penguin Random House and UKTV, for Doctor Who and its spinoffs.