Love Island broadcaster ITV reveals fall in revenues from production arm

Yorkshire Post

Broadcasting giant ITV has revealed a 16 per cent plunge in revenues from its production arm after taking a hit from last year’s US writers’ and actors’ strike.

Transcript

00:00Hello, my name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.

00:05Here are your business headlines for this morning.

00:08The broadcasting giant ITV has revealed a 16% fall in revenues from its production arm

00:15after it took a hit from last year's US Writers and Actors Strike.

00:19The group behind hit TV shows such as I'm a Celebrity, Get Me Out of Here and Love Island

00:24said ITV Studios revenue fell to £382 million in the three months to March 31st, from £457

00:32million a year earlier.

00:34ITV said it also expects to see studios revenues fall again over the second quarter after Strike

00:40Action brought productions to a halt in 2023, sending shockwaves across Hollywood and globally.

00:47So an update there from the broadcasting giant ITV, which has revealed a 16% fall in revenues

00:53from its production arm after its performance was affected by Strike Action in the US.

00:59My name's Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.

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