In a better than expected rise in pre-tax profits, ITV has seen a 40% boost to £250m in the six months of the year. Total revenues at the broadcaster were up 6% to £1.3bn.
These results come just two weeks after Liberty Global bought a 6.4% stake in the company from BSkyB. Online, pay and interactive revenues were up 20% to £67m, with ITV saying that it had seen further strong growth in long form video requests, up 20%.
Production arm ITV Studios revenues rose 2% to £402m. The studios business has completed its acquisition of 80% of Leftfield Entertainment, and said that its other recent acquisitions were “coming through as expected.”
Adam Crozier, ITV Chief Executive said: "Looking forward we expect good growth in ITV Studios in 2014, driven by our acquisitions. In 2015 we will see further growth from these acquisitions and we will return to good organic growth helped by our investment in global scripted content, such as Texas Rangers and Aquarius in the US and Jekyll & Hyde, Jambusters and Thunderbirds Are Go in the UK.”
Use the link to the right to read ITV's full results.
DTG Staff | 01.08.2014