ITV Studios has outlined mega five-year ambitions to increase revenue by 5% per year, double its number of scripted hours and almost double its proportion of total revenue from the streamers. Setti…
Setting out plans before an investor seminar this afternoon, ITV’s production outfit said it should return to 2019 levels by next year and plans to then grow by 5%.Turnover last year fell almost 25% to 1.
ITV Studios also wants to increase its number of global formats produced in three or more countries from 16 to 20. The move will build on progress made since 2015 that has seen ITV Studios double its proportion of scripted revenues from all buyers to 30% and nearly double its number of global formats to 285, according to MD Julian Bellamy.
Bellamy said: “We are competing in a competitive global marketplace but we are well placed due to our global footprint in the top TV content markets in the world, our relationships with all the major buyers globally and our strong creative culture helping us attract and retain some of the best talent in the industry.”
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