What is the relationship between BBC Worldwide and UKTV in the context of the input sentence. Choose an answer from: product/material produced; manufacturer; distributed by; industry; position held; original broadcaster; owned by; founded by; distribution format; headquarters location; stock exchange; currency; parent organization; chief executive officer; director/manager; owner of; operator; member of; employer; chairperson; platform; subsidiary; legal form; publisher; developer; brand; business division; location of formation; creator.

“Via the joint venture we benefit at each stage of the monetisation of BBC content.” Tim Davie runs BBC Worldwide, selling rights to BBC shows around the world BBC Worldwide sells BBC programmes to UKTV for repeat on its channels, and enjoys an annual dividend from the profits of its advertising and pay-TV sales.

Answer: subsidiary