'The restructure will drive improvements in efficiency and reduce cost,' with the TV giant also looking at its London real estate.
"The restructure will drive improvements in efficiency and reduce cost," with the TV giant also looking at its London real estate.
ITV said it would create a new media and entertainment division with two new business units - broadcast and on-demand. ITV also plans to reduce its London office space over the coming years"to reflect the changing needs of the business in the context of its digital transformation and the move towards more flexible working as well as taking cost out of the business." No decision about exactly what this means for ITV’s current London offices has been made.
The on-demand business unit will be"the focus of digital product development and growth for ITV," it added."It will grow ITV’s online offering by providing new content that appeals to audiences who already do most or all of their viewing on demand and will serve it to them in whatever way they want to access it." This unit will include on-demand service Hub, Hub+ and subscription VOD service BritBox.
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