[madaxe_again]

What many don't realise is that the TV license is collected and administered by a private entity, serco, who make a substantial profit in operating it.

Last I checked the BBC receive something like 40% of the collected revenues.

So, while it ostensibly pays for the BBC, it's really just another arm of the octopus like serco, who run everything from prisons to call centres (in prisons!) to the dvla to the inland revenue.

They're the biggest company nobody has ever heard of.

[ubercow13]

Do you have a source for that 40% claim? I can't find anything about that

[DanBC]

Do you have a source?

https://en.wikipedia.org/wiki/Television_licensing_in_the_Un...

> It is expected that Capita will earn £1.10bn – £1.55bn from its contract with the BBC if it runs its maximum 15 years from July 2012

The BBC gets over £4b per year.

> Thus, the licence fee made up the bulk (77.5%) of the BBC's total income of £4.827 billion in 2015–2016.[2][3]

[oliwarner]

I make that as Capita taking 2.5% gross revenue. Who know how much that costs them to administer over 15 years either.

The licensing website puts it at 5.5%. Either way, 40% is a silly number to throw around.

http://www.tvlicensing.co.uk/check-if-you-need-one/topics/wh...

[DRW_]

Doesn't that mean they'll earn 1.10 - 1.55bn over the 15 years? Not every year?

[DanBC]

Yes, which is why I was asking for a source. I can't find anything which puts the figure any where near 40%.

[nicky0]

40% claim is ludicrous