• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

SEENIT

TV, Film, Broadband, Pay-TV, Games, Computing and Tech | News, Comment & Reviews

  • NEWS
  • FEATURES
  • ADVERTISE
  • Twitter

Studio acquisitions help boost ITV’s profits

March 4, 2015 - Martin Hoscik@seenituk

ITV_Encore_logoITV has credited the growth of its production division and greater availability of its on-demand and catch-up service for a better than expected rise in profits.

The UK’s biggest commercial broadcaster has been rolling out its ITV Player service to additional platforms while growing internationally through the acquisition of studios such as DiGa Vision, producers of MTV’s hit Teen Wolf.

By building up a studio arm, the firm hopes to reduce its reliance on advertising revenue. It has also launched ITV Encore, a pay channel for which it receives subscription revenue from Sky.

Pre-tax profits rose 39% to £605m for the year to 31 December, more than expected by many analysts, while revenue rose 8% to £2.59bn.

Shareholders are to receive a special dividend worth 6.25p a share in addition to a full-year dividend of 4.7p.

Adam Crozier, ITV Chief Executive, said: “ITV delivered another strong performance in 2014 as we continue to rebalance the business, drive new revenue streams and invest in our future growth.

“All parts of the business are progressing well with Group external revenue up 8% to £2.6 billion, and for the fifth year in a row we achieved double digit profit growth, up 18% to £730 million.

“Across ITV we maintained our emphasis on cash generation, cost control and improving margins as we continued to strengthen ITV creatively, commercially and financially.”

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

Related

Blu-ray and Gaming Top Buys

David Attenborough’s A Perfect Planet is getting a 4K Blu-ray release

Doctor Who: Sylvester McCoy and Bonnie Langford reunite in trailer for Season 24 Blu-ray release

Batman: Soul Of The Dragon comes to DVD and Blu-ray next month

RECENT

BT Sport to show 26 Premier League games this month

Godzilla vs. Kong: Watch the brand-new trailer

Robert Kirkman’s Invincible is coming to Amazon Prime Video

Watch Danielle Macdonald, Hugh Skinner and Joanna Lumley in Falling for Figaro trailer

Popular

Sky bags first run rights to Entertainment One catalogue

Freesat adds BBC Sounds to app line-up

Coming To America sequel to get global release on Amazon Prime Video

Hitman developers announce new James Bond game

Featured

Ofcom calls for greater social and geographic diversity in TV and radio

BT Sport app now available on Now TV devices

StarzPlay is now available from Rakuten TV

Britbox – What does the new UK-centric streaming service offer?

Popular Topics

  • Amazon Prime Video
  • BritBox
  • Freeview Play
  • Set Top Box Reviews

ADVERTISE ON SEENIT

We’re pleased to offer a number of advertising opportunities to high quality brands including sponsored content, competitions and advertising placements.

Please contact us for details.

MORE FROM US

Copyright © 2021 · All Rights Reserved · Contact Us · Copyright · Terms of Use · Privacy Policy
MayorWatch Publications Limited · 20-22 Wenlock Road · London N1 7GU · Company Number 6291816