ITV has agreed to acquire a majority interest of 79.5 per cent in Plimsoll Productions, an independent producer of natural history and factual programming, for a cash consideration of approximately £103.5 million (€120.2m), valuing Plimsoll at an Enterprise Value of £131 million. Founded in Bristol in 2013, the producer is behind series including Tiny World […]
Overall, the UK’s main commercial broadcaster ITV was satisfied with its Q1 results, which were in line with expectations. Q1 revenues grew 23 per cent year-on-year to £458 million (€536m), with total advertising revenues rising 16 per cent to £468 million, as expected, and digital revenues increasing 24 per cent to £82 million. Within the […]
ITV has launched a second round of Studio 55 ventures following the success of the first year. A collaboration with strategy consultancy, Founders Intelligence, year two of Studio 55 Ventures will continue its aim of finding and growing innovative and future-facing media businesses. Applications are now open for year two will open for teams of […]
ITV has announced plans to reserve £80 million (€72.1m) of its content commissioning budget over the next three years to drive change towards racial equity and disability equity. Of this amount, at least £20 million will be reserved for content made by Black, Asian and minority ethnic-led and disabled-led production companies. ITV has also created […]
UK commercial PSB ITV has appointed Andrew Cosslett as its new Chair to succeed Sir Peter Bazalgette, who will step down after just over six years in the role and nine years on the Board. Cosslett will join the Board as an independent Non-executive Director and Chair Designate with effect from June 1st and will […]
UK commercial broadcaster ITV has reported a strong 2021 with record revenues and revealed an acceleration of its digital strategy which will see the launch in Q4 of ITVX, which it says is the first integrated AVoD/SVoD platform in the UK. But despite the revenue record, softer forecasts and the looming costs of the streaming […]
ITV, the UK commercial broadcaster, has reported that total external revenue for the 9 months to September 30th 2021 was up 28 per cent at £2.38 billion (€2.6bn) and up 8 per cent compared to 2019. Total ITV Studios revenue was up 32 per cent at £1.19 billion (2020: £905 million) and up 6 per […]
ITV, the UK commercial broadcaster, has outlined a range of measures to deliver on its climate action commitments. As signatories to the Taskforce on Climate related Financial Disclosures (TCFD), ITV said it already embeds climate risk and opportunities into its global governance, risk management and strategy and that these latest announcements further its commitment to […]
ITV had declared it is not interested in acquiring a stake in BT Sport – although it is keen to collaborate with the sports broadcaster. “It’s not the kind of acquisition we would do but collaboration, cooperation with BT Sport absolutely,” Carolyn McCall told reporters after the group’s first-half results. When asked separately about Channel […]
ITV has called on the UK government to exempt some television workers from self-isolation. Carolyn McCall, chief executive, said ITV had been talking to the Department for Digital, Culture, Media and Sport about an exemption for “certain aspects” of television on the grounds that broadcasters have a public service remit, including to provide news coverage. […]