U.K. broadcaster ITV increased external revenues by a strong 28% for the nine months ending Sept. 30, 2021, according to financial results released on Wednesday. External revenue rose to £2.3 billi…
increased external revenues by a strong 28% for the nine months ending Sept. 30, 2021, according to financial results released on Wednesday.
Shows delivered by ITV Studios include “Vigil” for BBC One, “Physical” for Apple TV Plus, “The Long Call” and “Endeavour” for ITV, “Ten Year Old Tom” for HBO Max, “Snowpiercer” season 2 for Netflix and “Revenue from the media and entertainment business revenue was up 26% at £1.59 billion, compared to 2020’s £1.26 billion. Total advertising revenue for 2021 is expected to be the highest in ITV’s history, the broadcaster said.
Streamer BritBox U.K continues to “perform well and on plan,” ITV said, while BritBox International “is delivering strong growth in subscriptions across the U.S., Canada and Australia and successfully launched in South Africa in August with more markets expected in 2022.” ITV expects total schedule costs for 2022 to be around £1.16 billion. This includes the FIFA World Cup soccer tournament, the FA Cup soccer championship and a strong schedule of dramas. The broadcaster also revealed that they are on track to deliver their previously announced £30 million cost saving target for 2021., ITV Chief Executive, said: “We are becoming an increasingly scaled digital business.
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