ITV Launches Streaming Service ITVX; Shows Will Air Months Before Given Linear Slot; Full Year Results Show Record Ad Spend

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ITV Launches Streaming Service ITVX; Shows Will Air Months Before Given Linear Slot; Full Year Results Show Record Ad Spend
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The next phase of ITVs digital strategy is here as the network launches a streaming service called ITVX that will air shows months before they arrive on linear, while posting impressive revenue and…

Total costs next year on ITVX are expected to hit around £45M – £25M for data and technology and a £20M one-off launch cost.

ITV Chief Executive Carolyn McCall said ITVX “builds on everything we have achieved in phase one” of the network’s More Than TV strategy, which saw the broadcaster forge a Media and Entertainment Division last year. “This is fantastic for viewers – it will provide a simplified and seamless experience with thousands of hours of free content made up of both library and original exclusive content.”

The drastic move comes around a year after the BBC pivoted to an iPlayer-first strategy, although the BBC’s focus has been firmly on the content rather than making wholesale changes to its streaming proposition.

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