#ITV Studios Quarterly Revenue Falls 20 Percent, Hit by Hollywood Strikes; ITV Adds $13M in Cost Cuts
U.K. TV giant ITV, led by CEO Carolyn McCall, reported a 20 percent drop in revenue for its ITV Studios production arm on Thursday, “impacted by the phasing of deliveries and the 2023 U.S. writers’ and actors’ strike.” However, ITV Studios is on track to deliver record adjusted earnings before interest, taxes and amortization for the…