BBC Studios Looks to Produce More TV in the US, May Raise Funds

The BBC is looking to expand its business in the US, the world’s largest media market, and wants to ramp up production of TV shows for American audiences.

The company is negotiating to extend a partnership with Lions Gate Entertainment Corp., as well as exploring other options, according to people with knowledge of the matter. Those include raising money to fund production, said the people, who asked not to be identified discussing internal deliberations.

The companies declined to comment.

The British Broadcasting Corp. has a reputation for producing high-quality programs and would have little trouble raising funds. Third-party financiers, ...