crucial to understand. How does the BBC operate and how is it funded at this point? And these are just a broad basics, really now. The British broadcasting Company was formed in 1922 and operates under a royal charter agreement with the U. K government. While the BBC provides content for TV, radio and the digitals, it is primarily funded by licence fee, which is paid by British households. Important also to note that this licence fee is supplemented by income from commercial subsidiaries as well, such as BBC studios and production houses. The BBC board also has 10 non executive members appointed by the king.
