Mansha Daswani

NATPE Budapest wrapped today with 735 registered attendees, a 20 percent gain.

BBC Studios has expanded its production capabilities across Scandinavia with the acquisition of STV, which is based in Copenhagen with offices in Norway and Sweden.

Professor Dame Elan Closs Stephens has been tapped as the acting chair of the BBC, succeeding Richard Sharp.

Citing broader macroeconomic concerns in the German-speaking region, ProSiebenSat.1 Group reported Q1 revenues of €816 million ($875 million), a 13 percent reduction on the same period last year.

By 2028, U.K. broadcasters' share of overall viewing will drop to 48 percent, down from 64 percent in 2022, according to Enders Analysis.

Key Sony Pictures Entertainment feature films and television shows from Sony Pictures Television will be available to Sky Cinema and Sky Entertainment customers in the U.K. and Ireland via a new deal between the pay platform and the studio.

Total external revenues at ITV plc fell by 7 percent in Q1 to £776 million ($976.5 million), largely as a result of a weakened ad market.

Revenues at the RTL Group were down 9 percent in the first quarter to €1.4 billion ($1.5 billion), largely due to a challenging advertising market.

On the heels of an 8.8 percent increase in 2022 to reach £34.8 billion ($43.5 billion), the U.K. advertising market is expected to be flat this year, inching up to £35 billion ($43.8 billion), before returning to growth in 2024, according to new data from the Advertising Association/WARC Expenditure Report.

Citing broader macroeconomic forces in its German-speaking markets, ProSiebenSat.1 Group reported 2022 revenues of €4.2 billion ($4.6 billion), a 7.4 percent reduction on 2021, with adjusted net income dropping 17.4 percent to €301 million ($332 million).