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ITV Studios revenues cross £1bn mark

ITV Studios revenues cross £1bn mark
News
Staff Reporter
02 March 2016

Revenues at ITV’s production division, ITV Studios, passed the £1bn mark for the first time in 2015.

ITV Studios revenues rose 33% to £1,237m and profits (EBITDA) were up 27% to £206m, according to ITV's full year financial results.

53% of ITV Studios total revenue in the year was generated outside the UK, boosted by acquisitions such as Leftfield Entertainment and Talpa Media.

ITV Studios said its total organic revenue, which excludes current and prior year acquisitions as well as foreign exchange movements, was up 8%.

Studios UK revenue was up 19% to £547 million reflecting.

ITV said that its Studios division was expected to deliver double digit revenue and profit growth in 2016, driven largely by its recent acquisitions.

Overall revenues at ITV, including advertising, were up 15% to £2,972m.

Chief executive Adam Crozier said: “We have a very strong international pipeline of new and returning drama including Victoria, Tutankhamun, Houdini and Doyle, Cold Feet, Poldark, Shetland, Aquarius, Endeavour and Vera as well as entertainment formats The Voice, The Voice Kids, Dance Dance Dance, I’m a Celebrity… Get Me Out Of Here!, The Chase, Hell’s Kitchen and Saturday Night Takeaway. ITVS has already secured a higher proportion of 2016 revenue at this point in the year than in previous years and our good drama slate gives us confidence into 2017."

“We’ll continue to build scale and to capitalise on the strong demand for high quality content that travels, with a particular focus on investing in creative talent and scripted projects, and working with more channels and platforms in the UK and internationally.”

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