{"id":5631,"date":"2014-11-13T00:00:00","date_gmt":"2014-11-13T00:00:00","guid":{"rendered":"http:\/\/worldscreen.com\/tveurope\/2014\/11\/13\/itv-sees-q3-revenue-growth\/"},"modified":"2014-11-13T00:00:00","modified_gmt":"2014-11-13T00:00:00","slug":"itv-sees-q3-revenue-growth","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tveurope\/2014\/11\/13\/itv-sees-q3-revenue-growth\/","title":{"rendered":"ITV Sees Q3 Revenue Growth"},"content":{"rendered":"<p>\n\tLONDON: ITV reported an 8 percent increase in overall revenues to &pound;1.8 billion ($2.84 billion) and a 7 percent gain in broadcast and online revenues.<\/p>\n<p>\n\tRevenue from Broadcast &amp; Online reached &pound;1.4 million ($2.2 million). Advertising revenues were up 6 percent for the first nine months. Online, Pay &amp; Interactive was a strong performer, up 24 percent in the period.<\/p>\n<p>\n\tAt ITV Studios, revenue was up 10 percent to &pound;609 million ($956.6 million), thanks to acquisitions. In the last two years, ITV has purchased Gurney Productions, Leftfield Entertainment, Thinkfactory Media and Big Talk. This segment is expected to have full-year revenues increase by around &pound;100 million ($157 million).<\/p>\n<p>\n\tAdam Crozier, the chief executive of ITV plc, said: &ldquo;We&rsquo;ve made further strong progress in growing all parts of ITV and we&rsquo;re on track to deliver another year of double digit profit growth.<\/p>\n<p>\n\t&quot;Looking ahead to next year we anticipate continued revenue growth right across the company. We expect Studios to grow revenue by a similar amount to this year driven by the full year benefit of our acquisitions and a return to organic growth fuelled by the global demand for high-quality content.<\/p>\n<p>\n\tIn 2015, our investment in scripted content will begin to deliver value with new U.K. drama, including <em>Jekyll and Hyde<\/em>, <em>The Trials of Jimmy Rose<\/em> and <em>Home Fires<\/em>, and U.S. dramas, including <em>Aquarius<\/em>, <em>Texas Rising <\/em>and <em>The Good Witch<\/em>. We&rsquo;ll also have the benefit of <em>Thunderbirds Are Go <\/em>as well as a U.S. version of <em>Saturday Night Takeaway <\/em>for NBC.<\/p>\n<p>\n\tOur Broadcast business will benefit from our ongoing creative investment including a full year of our two new channels and the positive economic and advertising outlook. In 2015 we will focus on improving SOV and we have a strong program schedule, with new and returning drama including the second series of <em>Broadchurch<\/em>, as well as the Rugby World Cup. Online, Pay and Interactive is again expected to show double digit growth helped by ITV Encore and the continued demand for VOD advertising.<\/p>\n<p>\n\tBased on our performance to date we are confident that as we continue to execute our strategy we will deliver further growth across the business both creatively and commercially, in the U.K. and internationally. Our cash generation remains strong and, as we move into next year, we will continue to show capital discipline and balance the need to invest for future growth opportunities with increasing returns to our shareholders.&rdquo;<\/p>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON: ITV reported an 8 percent increase in overall revenues to &pound;1.8 billion ($2.84 billion) and a 7 percent gain in broadcast and online revenues. Revenue from Broadcast &amp; Online reached &pound;1.4 million ($2.2 million). Advertising revenues were up 6 percent for the first nine months. Online, Pay &amp; Interactive was a strong performer, up &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-5631","post","type-post","status-publish","format-standard","","category-top-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ITV Sees Q3 Revenue Growth<\/title>\n<meta name=\"description\" content=\"ITV Sees Q3 Revenue Growth . LONDON, November 13: ITV reported an 8 percent increase in overall revenues to \u00c2\u00a31.8 billion ($2.84 billion) and a 7 percent gain in broadcast and online revenues. . 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