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‘Top Gear’ renewed for 3 more years

Submitted by on September 27, 2012 – 10:22 am Comments

Its good news for auto fans and fans of Top Gear, the show’s future is now secure for 3 more years. BBC Worldwide, has signed fresh three-year commercial deals with Top Gear presenters Jeremy Clarkson, James May and Richard Hammond. BBC Worldwide said in a statement: “This agreement secures the commercial future of Top Gear without using a penny of Licence Fee money and allows us to continue to grow the brand around the world, reinvest in Top Gear and return profits to the BBC.”

As per the new deal Hammond and May will get a share of Top Gear commercial revenue generated by BBC Worldwide, in return for promoting the show around the world. In other words, not only will the presenters be making more money, but the show shall also gain more popularity worldwide. Also, BBC will stand to gain more money from the new deal, hence a win-win situation for everyone. Basically BBC Worldwide has struck a new deal as per which it has taken over from Bedder 6 the complete commercial rights of the show.

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Before this deal was struck, BBC Worldwide just had 50 percent ownership of the company, the other 50 percent was owned by Jeremy Clarkson one of the presenters of the show and the show’s producer Andy Wilman. Clarkson had a 30 percent share and Wilman 20 percent. This deal also confirms the fact that, the BBC values the show to a great degree and has a huge amount of faith in it. Clarkson on his part has made good money from the show not only from being a presenter, but also thanks to his 30 percent stake in Bedder 6.

In fact, he was the highest earning BBC star in the last financial year, and raked in a cool £3 million. The show it has to be said is popular world over, and airs in multiple countries across the world. Industry insiders have also commented that the deal is a positive move. Also, format versions deals for Top Gear have also been struck in countries like the U.S, China, Russia, South Korea and Australia.

Nigel Owen

Nigel is a graduate from Birmingham University, Nigel has worked for about 8 years in the banking industry, until one day he discovered his passion for writing. It basically gives him the opportunity to enlighten himself about subjects and things that he normally might not come across.

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