ITV heading for strong growth, Sony to shut down Victory Television and Samsung top global TV market for 10th consecutive year : DTG Daily News March 2nd

ITV heading for strong growth

Analysts, including JP Morgan and Citi Group, have predicted strong growth for ITV. This follows a recent management reshuffle, in which Kevin Lygo replaced Peter Fincham as director of television and outgoing Arts Council chairman Sir Peter Bazalgette was unveiled as the replacement for chairman Archie Norman.

The new senior management team are set to address falling viewing figures amidst the release of their full-year report on Wednesday 2nd March. As part of the report Chief executive, Adam Crozier, is to reveal plans on how Lygo will rebuild ITV's factual and entertainment divisions.

Citi Group predicted that ITV would post pre-tax profits of around £836m on Wednesday, up from the £712m recorded in 2014. In Addition, revenue growth is expected to climb to around ££2.9bn, from £2.5bn in 2014 and production arm ITV Studios is expected to return external growth of £800m, up 45% year on year.

Sony to shut down Victory Television

Sony Pictures Television is planning on shutting down Victory Television after Managing Director, Victoria Ashbourne, decided to step down. It's understood that Ashbourne's contract was up for renewal, and that after five years in the role wished to pursue new opportunities.

Ashbourne said: “I have had the most thrilling ride at the helm of Victory Television. I’m incredibly proud of everything we have achieved and thankful to everyone who has helped with Victory’s success along the way, but it’s time for me to start the next exciting chapter.”

Sony will retain international distribution rights for Victory-produced shows including Win Your Wish List.

Samsung top global TV market for 10th consecutive year

Latest data shows Samsung Electronics dominating the global TV market for the 10th consecutive year in 2015, hugely helped by the strong performance from its high-end models.

Samsung took 27.5% of the global TV market in terms of sales and 21% in terms of shipments in 2015.

The data was compiled by industry tracker, UHS, and industry insiders suggest Samsungs strong market presence is due to solid demand for its high-end models, particularly its UHD (Ultra High Definition) TVs.

DTG Staff  |  02.03.2016

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