BBC Worldwide that Channel 4 merge with either the commercial network Five or BBC Worldwide. Channel 4's preferred option of a partnership with the latter was confirmed by chief executive Andy Duncan, who added: "We're in discussions with BBC Worldwide at the moment and they're really very exciting." In the same year, the company was awarded the Queen's Award for Enterprise in recognition of the companies growth and success. In 2012, the company began to reorganise their divisions from a product based system to a location-based system, resulting in Jana Bennett leaving the company. BBC Worldwide sold Lonely Planet in 2013 to
BBC Studios would be merged into BBC Studios effective 1 April 2018. The BBC stated that by handling both the production and sales of its programming within one unit, it would improve efficiency and be in line with the "global norms" of other major international media companies. Technically, BBC Ventures Group Ltd. was renamed BBC Studios Group Ltd. on 3 April 2018, and then BBC Studios Ltd. 1 October 2018; also in October, the production company established in 2015 was renamed BBC Studios Productions Ltd., and so did BBC Worldwide Ltd., which was renamed BBC Studios Distribution Ltd. BBC Studios BBC Studios