ITV Studios Revenues Down As Impact Of Hollywood Strikes Bites [Yahoo! Finance]
Netflix, Inc. (NFLX)
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Source: Yahoo! Finance
The commercial broadcaster's total revenue was £887M ($1.1B), compared with £952M in 2023, with a recovery in the ad market offset by a 16% dip at ITV Studios. More from Deadline TKO Group Posts Better-Than-Expected Revenue In Q1, But UFC Legal Settlement Squeezes Endeavor-Run Combat Sports Outfit Fox Sees Ad Dip But Profit Soars From Year Earlier Quarter Hit By Fox News-Dominion Settlement Disney Posts Better-Than-Expected Quarterly Results, Nears Streaming Profitability Goal The Media and Entertainment unit that houses its main network was up 2% at £505M, according to a trading update this morning. Earnings weren't broken out. Total revenue at ITV Studios, which makes the likes of Love Island and Mr Bates Vs the Post Office were £382M, down on the £457M in the same period last year. According to ITV, this was “due to the phasing of deliveries which are heavily weighted to H2 and the expected impact from both the 2023 U.S. writers and actors strikes and the weaker dema
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