The forced abandonment of Project Kangaroo cost BBC Worldwide £9.1 million (€10.6 million), according to the annual report published by the BBC’s commercial arm.
The figure includes the total amount spent by Worldwide on the project up to March 31, 2009, as well as termination costs, and a provision for future expenses.
Project Kangaroo, the online download service developed with ITV and Channel 4, was prohibited by the Competition Commission in February.
Sales within the Channels business grew by 22.7% to £225.6 million with sales of BBC branded channels exceeding those of joint ventures for the first time. Sales in Europe increased by 17.3% on the rollout of the new suite of channels. Profits increased by 134.9% year-on-year to reach £29.6 million.
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Connected TV Forecasts NEW REPORT. The number of TV sets connected to the Internet will reach 551 million by 2016 for the 40 countries covered in this report from Digital TV Research, up from 124 million at end-2010. The report states that this translates to 20% of global TV sets by 2016, up from only 6% at end-2010. Published in November 2011, this 83-page PDF report is the most geographically comprehensive to ever be published.