ITV Profits Plunge By 61%; Half of US Subscription Revenues Will Go To Streaming By 2025; US Approves TikTok Crackdown Bill
Briefly

from Exchangewire11 months ago
ITV profits dropped 61% in 2023 to £193m due to decreased advertising revenue and investments in streaming, with planned cost cuts of £50m.
Exchangewirehttps://www.exchangewire.com/blog/2024/03/11/itv-profits-plunge-by-61-half-of-us-subscription-revenues-will-go-to-streaming-by-2025-us-approves-tiktok-crackdown-bill/
Over half of US subscription revenues will go to streaming by 2025, marking a shift away from traditional pay TV. Latin America's SVOD subscriptions are expected to increase to 165 million by 2029.
Exchangewirehttps://www.exchangewire.com/blog/2024/03/11/itv-profits-plunge-by-61-half-of-us-subscription-revenues-will-go-to-streaming-by-2025-us-approves-tiktok-crackdown-bill/
Read at Exchangewire
#itv #streaming-services #us-video-subscriptions #tiktok #advertising-revenue
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