ITV Says Studios Biz Has Hit “Key Strategic Goal” But Full-Year Revenue At 70-Year-Old Broadcaster Stays Flat

As ITV prepares to sell its networks biz to Sky, the 70-year-old broadcaster’s studios arm has hit a milestone. With the publication of its annual results this morning, CEO Carolyn McCall said ITV has hit a “key strategic goal.” ITV Studios, plus its digital Media & Entertainment (M&E) biz, now accounts for two thirds of […] Maya Jama, host of 'Love Island UK' ITV As ITV prepares to sell its networks biz to Sky, the 70-year-old broadcaster’s studios arm has hit a milestone. With the publication of its annual results this morning, CEO Carolyn McCall said ITV has hit a “key strategic goal.” ITV Studios, plus its digital Media & Entertainment (M&E) biz, now accounts for two thirds of overall total revenue, she added. Revenue at ITV Studios once again outgrew the wider broadcasting business at ITV last year, the results revealed. ITV Studios, which makes and sells the likes of Love Island and Hell’s Kitchen, posted a revenue rise of 5% to £2.13B ($2.84B), with “external revenue” – shows made outside ITV – shooting up by a heftier 10%, although revenue from the U.S. actually declined by 18%. Adjusted EBITA remained flat for ITV Studios. Related Stories News 'Lord Of The Flies' Star David McKenna On Bringing Piggy To Life In A World Of Chaos & His Dreams Of Making It To London's West End