AI summary
ITV is cutting £30m in costs as UK TV and film production spending plunges over £2bn, signaling a severe industry downturn.
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ITV to cut show budgets as UK TV and film production spend drops by more than £2bn
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Broadcaster plans to make £30m in ‘temporary’ savings before inquiry into takeover by SkyBusiness live – latest updatesITV plans to slash its programming budget as new figures showed that spend on the production of films and prestige TV shows in the UK is down more than £2bn over the last year.The broadcaster plans to make £30m in “temporary” savings, including £25m in content and £5m elsewhere in the business. Continue reading...
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