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BBC eyes new EU licenses amid potential no-deal Brexit

The British Broadcasting Corp. is working to secure licenses in Ireland and the Netherlands in order to continue broadcasting across the European Union if the U.K. leaves the regional bloc without any withdrawal deal in place, Bloomberg News reported, citing sources.

A no-deal Brexit would reportedly invalidate the BBC's U.K. licenses to air programs in other EU countries.

The public broadcaster, which has yet to make its final decision on the licenses, said it is closely monitoring the situation and will ensure to continue airing despite the regulatory changes.

Several media companies have already begun transferring their broadcast licenses from the U.K. to other European countries in anticipation of Brexit. Viacom Inc.'s Viacom International Media Networks and VICE Media LLC-owned Viceland (US) have secured licenses in the Netherlands, while 21st Century Fox Inc. acquired a license in Spain.

Meanwhile, the Broadcasting Authority of Ireland said it had been in talks with several British broadcasters who are considering Ireland as a potential base for their EU broadcast licenses, according to Bloomberg News.

The U.K. is scheduled to leave the EU on March 29, 2019.