Brexit


ITV outlook darkens as advertisers ‘rein back spending’

The outlook for ITV has deteriorated significantly as advertisers pull back on spending amid anxiety about Brexit, according to analysts at Berenberg. According to the German investment bank’s analysts, spot net advertising revenue for ITV looks set to fall by 8% in Q1, down from an earlier prognosis of a 3-4% decline. “Despite bullish headlines […]

Brexit causing ‘anxiety’ about consumer confidence, says Liberty Global’s Fries

Liberty Global chief Mike Fries has said he is concerned about the possible economic knock-on effect of Brexit on consumer confidence in the UK, particularly if firms begin to scale down investment in the country. Interviewed by CNBC at the World Economic Forum in Davos, Fries said that Liberty Global had no plans to scale […]

UK Treasury pledges to underwrite content funding shortfall post-Brexit

The UK Treasury has pledged to underwrite any shortfall resulting from content companies receiving EU funding when Brexit is enacted. There has been widespread concern and confusion among UK producers about the status of projects receiving Creative Europe funding when the UK exits the European Union, which will happen following the result of June’s national referendum. […]

Brexit report says UK media has shot at major global expansion

An industry report for the UK government looking at Brexit challenges and opportunities says there is a major opportunity for UK media companies to expand the business they do globally if the right policies are put into place. Soon after the UK referendum vote in favour of leaving the European Union, the government and industry-backed […]

ITV to cut jobs amid concern over Brexit

ITV is cutting about 120 staff in a cost-cutting drive, amid Brexit-driven uncertainty, with the job losses coming from all areas of the UK broadcaster’s business. The cuts will be made across the board and shared proportionally across the business, meaning production and distribution arm ITV Studios will be affected. The UK-listed broadcaster gave notice of […]

TV executives outline Brexit priorities

Ensuring continued freedom of movement within the European Union is the main Brexit priority for UK TV execs polled at the Royal Television Society London Conference yesterday. The organisers of the RTS event surveyed the execs in attendance during a ‘Brexit: Bring it On’ session. Overwhelmingly, the key issue was freedom of movement, with 45% […]

UK television, film eye £1.3bn opportunity

A £1.3 billion opportunity is set to present itself to the UK’s television and film industries despite uncertainty over Brexit, according to a market briefing. Ampere Analysis said that economic growth meant despite uncertainly consumers meant consumers still had “room to spend on entertainment”, despite a declining home entertainment market. Ampere agreed SVOD viewing was […]

Scripps gears up for European HGTV launches

Scripps has identified a “substantial opportunity” for HGTV in Europe, and said that the global rollout of the channel is a “key priority”. Speaking on the company’s second quarter earnings call, Scripps CEO Kenneth Lowe said that the company would make more announcements about Home and Garden Television in Europe in “the coming months”. This […]

TiVo revamp, EOS will be huge ‘step up’, says Virgin Media’s Mockridge

Virgin Media’s launch of parent Liberty Global’s EOS box and the rebranding of its TiVo-based advanced TV service under the Virgin TV name will mark “a very significant step-up” in its ability to deliver on-demand programming across multiple platforms, according to CEO Tom Mockridge. Speaking on an analyst call after Liberty Global unveiled strong Q2 […]

EC’s Oettinger: European project in ‘grave danger’

The European project is in “grave danger” following the UK’s vote to leave the European Union, according to the European Commissioner for digital economy and society. Speaking at an informal Competition Council meeting in Bratislava, Günther Oettinger said that the UK Brexit decision made it clear that distrust of the EU is “one of several […]