People/Biz

ITV reports revenue increases for Q1

UK commercial broadcaster ITV saw a 5% (£772 million) (USD$1,04 billion) increase in revenue in the first quarter of 2018 across all parts of business bolstered by strong revenue growth ...
May 10, 2018

UK commercial broadcaster ITV saw a 5% (£772 million) (USD$1,04 billion) increase in revenue in the first quarter of 2018 across all parts of business bolstered by strong revenue growth from ITV Studios and online streams.

ITV Studios saw an 11% (£382 million or USD$515 million) increase with organic revenues up 9%.

Remarking on that organic growth, Carolyn McCall (pictured), ITV’s chief executive appointed last July, said in a statement: “We have a solid slate of new and returning programs internationally for both broadcasters and OTT platforms with Unforgotten, The War of the Worlds, Snowpiercer, Good Witch, Suburra, The Voice, The Chase, Big Star’s Little Star, Queer Eye for the Straight Guy, The Four and Forged in Fire.”

Meanwhile, online revenue racked up a 41% increase. Broadcast and online revenue were up 3% to £526m ($US709m) from £510m (US$687m) in 2017 with strong growth in online, pay & interactive up 25% and ITV Family NAR up 1% as projected.

About The Author
Barry Walsh is editor and content director for realscreen, and has served as editor of the publication since 2009. With a career in entertainment media that spans two decades, prior to realscreen, he held the associate editor post for now defunct sister publication Boards, which focused on the advertising and commercial production industries. Before Boards, he served as editor of Canadian Music Network, a weekly music industry trade, and as music editor for HMV.com. As content director, he also oversees the development of content for the brand's market-leading events, the Realscreen Summit and Realscreen West, as well as new content initiatives.

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