Company: British Broadcasting Corporation Ltd.
Brand value: US$2,497 million
Headquarter city: London
Change since 2017: -5%
Year formed: 1922
The BBC is known for being one of the first public service broadcasters in the world, its mission being to provide people with programmes and services that inform, educate, and entertain. BBC is also known for the breadth of its services, which cover news, drama, sport, music, entertainment, and documentaries. The BBC is a statutory company with a Royal Charter, which recognises the BBC’s editorial independence and sets out its public purposes. It is largely financially supported by a licence fee paid annually by members of the British public. The BBC aims to be the most creative organisation in the world. Under the latest BBC charter, extra funding has been dedicated to programming representing Scotland, Wales and Northern Ireland so that the BBC better reflects the whole country. The organisation also won approval for BBC Studios, which makes over 2,000 hours of programming a year, to operate as a commercial subsidiary. In 2018, the BBC has launched an online game, called iReporter, encouraging young people to identify fake news by playing the role of a BBC journalist for a day. The BBC received 58 nominations at the British Academy of Film and Television Arts Awards (the BAFTAs) in 2017. But it has not all been good news for “The Beeb”. Controversy over the pay gap between its top-earning men and women continued into 2018, with the high-profile resignation of the BBC’s China editor, a woman, over the issue.