Tag: Carolyn McCall

Ad revenues at ITV are projected to hit a record level in 2021, following a 30 percent gain in the first nine months of the year.

Delivering ITV's Q3 trading update, Chief Executive Carolyn McCall said there have been "encouraging signs" in its broadcasting and studios divisions, with fourth-quarter ad revenues expected to see a year-on-year increase.

ITV is restructuring its broadcasting business, creating a new media and entertainment division, to be led by Kevin Lygo, with two units, broadcast and on-demand.

For the first three months of the year, revenues at ITV plc were down 7 percent to £694 million ($860 million), largely due to COVID-19's impact on its studios arm.

Full-year revenues at ITV plc were up 3 percent to £3.3 billion ($4.3 billion), led by its production and distribution division as ad revenues slipped by 1.5 percent.

Group external revenues at ITV plc fell by 7 percent in the first half to £1.5 billion ($1.8 billion) as the company faces an "uncertain" economic and political climate.

ITV and BBC have finalized their plans to launch BritBox in the U.K., with the platform going live in the fourth quarter priced at £5.99 ($7.50) per month.

Overall revenues at ITV for Q1 fell by 4 percent to £743 million ($966 million), with ad revenues down by 7 percent in the period.

Double-digit gains at ITV Studios helped to drive a 6-percent boost in revenues to £2.26 billion ($2.97 billion) at ITV plc for the first nine months of the year.

ITV CEO Carolyn McCall delivered a MIPCOM keynote today in which she discussed the importance of having an integrated production-distribution business and outlined how the media giant is upping the investment in its multiplatform ITV Hub.