ITV Quarterly Revenues Soar 18% to $1 Billion
11.05.2022 - 09:59
/ variety.com
Naman Ramachandran U.K. broadcaster ITV’s quarterly external revenues have soared 18% to £834 million ($1.02 billion), up from £709 million in 2021.
In a trading update for the three months to March 31, 2022, the broadcaster also revealed that total ITV Studios revenue was up 23% at £458 million (2021: £373 million); media and entertainment revenue was up 13% at £545 million (2021: £483 million); with total advertising revenue up 16%; and digital revenues up by 24%. For ITV Studios, the international production and distribution arm of ITV, revenues from streaming platforms globally continued to grow with development deals or commissions with most of the major streaming platforms including “Inganno” and “One Piece” for Netflix, “Love Island USA” for Peacock and a Benjamin Franklin drama for AppleTV+.
Unscripted programmes expected to be delivered this year include “Hell’s Kitchen USA,” “The Chase USA,” as well as “Love Island” in the U.K., U.S., Australia, Netherlands, Spain and Germany. The scripted division is in good health with programs like Snowpiercer (U.S.), “The Outlaws” (U.K.), “The Suspect” (U.K.), “Django” (Italy) and “Summertime” (Italy).
Programs delivered in the first quarter of 2022 include “Holding,” “Why Didn’t They Ask Evans,” “Noughts and Crosses” season 2, “Murder in Provence” and “Physical” season 2.Carolyn McCall, ITV chief executive, said: “We are focused on the three core drivers of value for ITV. We are growing Studios with a strong quarter and an exciting pipeline of scripted and unscripted programmes as we further diversify the business by genre, by geography and by customer and grow ahead of the market.
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