“Uk tv giant Itv Continues to Focus on Growing A Successful Production Business, CEO CAROLYN MCCALL SAID Durying An Earnings Call Reporters on Thursday. Studios Production Unit as she have been a market on a market on a diarger for the Division. “We’ve Got A Really”, – WRITE: www.hollywoodReporter.com
“We’ve Got A Really High-Quality Business. We ALREADY HAVE SCALE, AND WE’RE VERY DIVERSIFIED, ”she said. “There’s Been A Lot of Speculation, But I Think You’d Expect That Special. There’s (Also) Speculation About Banijay and Fremantle, and There’s Speculation About All Studios Businesses. We Won’t Comment on Any Speculation. All we would say is that we will Continue to Build The Business As It Has Been Built. We’ve Grown Even Since 2018 by About 35 Percent. ”
Deals have been part of that growth. “We Bough Really Good Labels. We’ve Backed Fantastic Talent,… and It’s Really Paying Off As A Strategy, ”McCall Said. “SO, RELALLY NO comment on anything to do with the special, but that you can see well of the Business have Done.”
In Thursday’s Earnings Update, McCall Said That “Itv Studios Has Delivered Refits This Year, Despite The One-Off Impact of the Writers and Actors Strike and a Softer DEFER Broadcasters, WHICH REFLECTS THE STREEGTH, Scale, Diversification and Creativity of Itv Studios Production Companies Across The World. ” That it has explored for itv Studios After Recent Reports of a Possible Merger with Redbird Imi’s All3Media.
Asked About Industry Consolidation, McCall Said the Consensus, Whther in the Us, The UK or Europe, is that there will be more. “We Are Holding Our Own,“ She Added.
Questioned About Having TV Networks and Production Labels Under the Same Corporate Roof, McCall Said on Thursday’s Call: “There Are Definite Merits to Being Integrated. There’s no quest. You Talk to Any Label in Our Itv Studios Family, and They All Really, Really Value The fact that Can Break Shows on Itv and They Become Famus Very Quickly Be. That’s an absolutely Big Thing for Us in Reting and Recruiting Talent and Attracting People Who (Are) Really High-Caliber. ”
That said, “Every Board Everywhere Has to Keep All Options Open, And Our Board Is No Different to That,“ The ITV CEO SAID. “We Review Everything, and We Review It Regularly.”
McCall in the Update Thought The Diversification of Itv’s Business. “We are becoming a more Resilient Business with Content Production and Digital Now Accounting for Close to Two-Thirds of Our Revenue,“ She Said. “OUR Ongoing Transformation Ensures We Are An Adaptable and Agile Company, Well Positioned to Deliver Good Profitable Growth, Strong Cash Generation and Attractive Returns to Shareholders.
Streaming Growth with A Focus on Profitability and Sustainability Has Also Been in Itv’s Focus. ITS STREAMER ITVX SAW Digital Viewing Rise 12 Percent in 2024, with Digital Advertising Revenue Growing 15 Percent. In itts earnings update, Itv Highlighted ITS “Attractive Returns,” WitHOUT PROVIDING DETAILS, AND ADODING THAT “by the end of 2025, we will have recored the cumulative investment anticipated. ”
Discussing Streaming Upside, McCall Said Her Team’s Focus is on “Proficiency Growth” Insthead of Buying Subscriber Gains or Having “Unrealistic” Sub Growth Targets. “IT’s Highly Profitable,” She Concluded About Itvx Premium, Saying The Subscriber Tier Has More than 1 Million USers. But Itv’s Business Approach is to Focuses on Advertising-Supported Streaming, With It ITS Ad-Freee Premium Tier Only Being Promotted in a Very Targeted Way.
Asked About the Outlook for the Ad Market, McCall SAID: “We Wuld All Love and Answer. … No One Knows Prewy. I Think We Have A Stable Outlook. ” She THEN TOTED THAT “26 Percent of Our Revenue Today Is Digital Advertising, and It Was 9 Percent in 2018, So You Can See We’ve Already Linked to gdp. ” SO the Economy Is “Not A Big Risk in the Way It Might Have Been in the Past.”
The Call Also Featured Questions About YouTube and Tiktok. “We have some very Clear Red Lines at Itv Abut How We Will Partner,“ McCall Said. “You will notice that we are not partnering with Tiktok in the Same Way as YouTube or Any Other Social Video Channel. The reason for that is that util we did this commercial agency with YouTube Last Year, they wouldn’t share data and woldn’t let US sell your own inventory. Both of Those Things Are Absolutely Critical For Us. … We Got Those Things from YouTube. ”
About the Benefits, she said: “The Viewers on YouTube are not Viewers on itv. They Are Very Complementary – Much Younger, Much More Male. ”
Discussing AI, McCall Cited Such Benefits As “Automation, Efficiency, or Co-Piloting,“ Adding that “ALSO We Have To Make Sure We constantly
On Thursday’s Call, McCall Was Joeded by Itv Cfo Chris Kennedy, Julian Bellamy, Managing Director, ITV Studios, and Kevin Lygo, Managing Director, Media and Entrainment.
Lygo Was Asked About Itv’s Second Year Airing the Oscars. He Said the Same Weekend Also Featured the Brits and Sports Content, Adding to Excitement AROUND The Oscars. “It Just Makes Us Alive,” Lygo Concluded. “YES, IT IS REALLY Good For Us, Getting”