TV, Film & Media Industry News Roundup, Friday 8 March 2024
ITV faces ad decline amid industry shifts; Screen Australia boosts docs; ProSiebenSat.1 cuts back but invests in local content; Fulwell 73 to expand with new studio.
NEWS
ITV Reports Ad Decline, Record Studios Results
Overall revenues at ITV slipped by 2 per cent in 2023 as digital gains and record results at ITV Studios were offset by softness in the linear TV ad market. ITV reported total group revenues of £4.26 billion ($5.45 billion), with an adjusted profit before tax of £396 million ($506.4 million).
From World S…
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