Entertainment

ITV Studios Announces 5-Year Master Plan-Deadline

ITV Studios increases revenue by 5% annually, doubles the number of scripted hours, streamer..

The ITV production company, which planned before the investor seminar this afternoon, said it plans to return to 2019 levels by next year and then grow by 5%.

Adjusted EBITDA should increase by 13% to 15% over the same period, following grand ambitions.

Last year’s sales fell almost 25% to 1.4BN, and EBITDA fell 43% to £ 152m in the 12 months heavily affected by the pandemic, while ITV’s recent 9 Monthly results showed a significant improvement. ITV StudiosIn the first nine months of 2021, revenues fell 32% to £ 1.2 billion.

NS Love island When Duties Producers with 60 production labels in 13 countries have also set out to double their high-end script hours from 200 to 400 by 2026, almost doubling the percentage of total revenue from streamers to about 25. %became. Carolyn McCall, CEO of ITV, said, “It’s almost in line with the global content market.”

ITV Studios also wants to increase the number of global formats produced in more than three countries from 16 to 20.

According to MD Julian Bellamy, the move is based on progress since 2015, with ITV Studios doubling the percentage of scripted revenue from all buyers to 30% and nearly doubling the number of global formats. We have increased it to 285.

Bellamy said: Some of the best talents in the industry. “



ITV Studios Announces 5-Year Master Plan-Deadline

Source link ITV Studios Announces 5-Year Master Plan-Deadline

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