Subscribe Online  

ITN looks to production to drive growth

ITN looks to production to drive growth
Staff Reporter
08 March 2016

ITN has outlined plans to grow its production activities so that 50% of its revenues come from outside its core TV news business by 2020.

ITN aims to generate revenues of £180m+ by the end of 2020 from the move.
The company also plans to grow its US presence five-fold over the period to generate 10% of revenues by 2020.
ITN will reorganise its operations into two business divisions: Broadcast News and ITN Productions.
Broadcast News comprises the ITN news services for ITV, Channel 4 and Channel 5. This business is the single largest contributor to ITN’s revenues and its editors will continue to report directly to the CEO.
ITN Productions will be made up of four new distinct businesses; TV Production; Sports Production; Advertising Production and Digital Content Services.
ITN Productions will be led by Mark Browning in the newly-created role of group managing director, ITN Productions and reporting directly to the CEO.  Formed in 2010 with a turnover of just £7m, it now has revenues of £24m.
The TV Production business, which has produced shows for all the main broadcasters, will be run by editorial director Chris Shaw.
Advertising Production, which includes branded content services, will be overseen by former Saatchi and Saatchi managing partner Laetitia Rennie.
The Sports Production business is already a significant football producer, winning a three year deal to film 1,800 Football League matches. Recruitment is underway for the new role of director of sport and an announcement will be made in due course.
Digital Content Services will be led by Managing Director, Andy Williams. This unit brings together ITN’s portfolio of digital content offerings, including the production of short form news and entertainment content for online and mobile news sites, as well as ITN’s Industry News service which creates news-style programming for industry associations and professions in both the UK and US.  It will also include ITN Source, which syndicates daily news footage to international broadcasters, as well as licensing ITN’s archive.
John Hardie (pictured above), ITN CEO, said: “ITN is evolving from a position of strength and the opportunities are there for the taking. After achieving record revenue in the last financial year and six successive years of sustained operating profit growth, we are well placed to build upon that momentum.”

Be the first to comment.

Televisual Media UK Ltd 23 Golden Square, London, W1F 9JP
©2009 - 2017 Televisual. All rights reserved
Use of this website signifies your agreement to the Terms of Use | Disclaimer