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 BBC Studios BBC Studios is a British television production and distribution company. It is a commercial arm of the BBC, bringing together the majority of the former BBC Television division's in-house production departments; Comedy, Drama (both combined as Scripted in the new division), Entertainment, Music & Events, and Factual. In 2018, BBC Studios merged with the corporation's international licensing and distribution arm, BBC Worldwide under the BBC Studios name. The division was formed in 2016 with an intent to make it a for-profit entity in the future, which would allow it to produce programming for other broadcasters to supplement the