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ITV assessing US tariffs after in line first quarter

ITV assessing US tariffs after in line first quarter

RTÉ News​15-05-2025
Britain's ITV has today reported a first-quarter performance in line with guidance and said while it was assessing the impact of tariffs, it did not expect its television-making unit to be hit by US President Donald Trump's proposed film levies.
For the first quarter, the group, which is made up of two units, said its Studios production business reported a 1% rise in revenues, and its Media & Entertainment broadcast and streaming unit, posted total advertising revenue down 2%, as expected.
Trump's tariffs have made the economic outlook more uncertain for most businesses with international revenues, and ITV Studios said it was continuing to assess the possibility of trade tariffs in the US.
"While the macroeconomic environment is uncertain, we remain confident," chief executive Carolyn McCall said in a statement today.
The outlook for Studios, which made "Rivals" for Disney, and whose output in the first three months of 2025 included "Run Away" for Netflix and "The Devil's Hour" for Amazon Prime Video, remains unchanged, ITV said.
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Alaska talks must not overlook how important human rights are to durable peace
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Alaska talks must not overlook how important human rights are to durable peace

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