Business
ITV Studios Investor seminar
ITV Studios Investor seminar.
About this update from Itv Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0482V\n ITV PLC\n 09 December 2021\n \n \n \n 9 December 2021\n \n \n \n \n ITV plc: ITV Studios Investor seminar - A scaled player in global content\n \n \n \n \n ITV outlines ambitions over the next five years to 2026 for ITV Studios aligned with key market growth drivers\n ● Expect total revenues to recover to 2019 levels in 2022. Thereafter we expect total organic revenues to grow by at least 5% on average per annum, which is ahead of the forecasted growth for the global content market\n ● Margin over the medium term will be 13 to 15% reflecting the changing mix of our revenues as we grow our scripted business and our revenues from streamers\n ● Double the number of high end scripted hours and increase the proportion of revenues from streamers to around 25%*\n ● Expand the number of global formats produced in three or more countries to 20*\n \n *see table below for 2021 expected outcomes\n \n \n \n \n ITV will today be holding an Investor Seminar on ITV Studios to provide a deeper dive into its global production and distribution business. It will be hosted by Carolyn McCall, CEO, and Julian Bellamy, MD of ITV Studios, and will include presentations from ITV Studios' management team.\n \n It will be streamed on ITV's corporate website -www.itvplc.com at 3pm GMT. There will be an opportunity at the end for analysts and investors to ask questions via a conference call facility. Details for which can be found below.\n \n \n Carolyn McCall, ITV CEO said\n \"The vision we set out for ITV Studios in 2018 was to strengthen and grow our UK and international production business into a high quality and diversified global business. We have made very significant progress and we are now a key scaled player in the global content market, diversified by genre, geography and customer base and we are in a position of strength to take advantage of the growing demand for quality content.\n \n \"Today we are announcing an evolved set of KPIs to better demonstrate the progress we are making and our ambitions for the future. We are operating in a growth market and strategically pivoting our business to align with the key drivers of that growth. Therefore, we are confident that we will grow ahead of the global content market, with our total Studios revenues growing by at ...