The BBC was established under a royal charter,[6] and operates under an agreement with the Secretary of State for Culture, Media and Sport.[7] Its work is funded principally by an annual television licence fee[8] which is charged to all British households, companies, and organisations using any type of equipment to receive or record live television broadcasts or to use the BBC's streaming service, iPlayer.[9] The fee is set by the British government, agreed by Parliament,[10] and is used to fund the BBC's radio, TV, and online services covering the nations and regions of the UK. Since 1 April 2014, it has also funded the BBC World Service (launched in 1932 as the BBC Empire Service), which broadcasts in 28 languages and provides comprehensive TV, radio, and online services in Arabic and Persian.
Some of the BBC's revenue comes from its commercial subsidiary BBC Studios (formerly BBC Worldwide), which sells BBC programmes and services internationally and also distributes the BBC's international 24-hour English-language news services BBC News, and from BBC.com, provided by BBC Global News Ltd.[11][12] In 2009, the company was awarded the Queen's Award for Enterprise in recognition of its international achievements in business.[13]
https://en.wikipedia.org/wiki/BBC
