REG - ITV PLC - Investment in the BritBox Australia Partnership

ITVAnnouncement

20/08/2020 14:30

RNS Number : 7399W
  
ITV PLC
  
20 August 2020
  
 

20 August 2020
 
ITV plc
 
 
On 19 August 2020 ITV SVOD Australia Pty Ltd, a wholly-owned indirect subsidiary of ITV plc, agreed to invest AUD 17.7 million in The BritBox Australia Partnership ("BritBox Australia") over a period of three years.  Consistent with ITV's plans for expansion, BritBox Australia is on track to launch in the Autumn. BritBox Australia is a 50:50 joint venture partnership established in Australia with BBC Studios to launch and operate a subscription video-on-demand service branded "BritBox" in Australia, which will deliver primarily British content.  BBC Studios will be providing equal funding. ITV's share of total joint venture losses/profits will be recognised within results from JVs and Associates. 
 
ENDS
 
For further enquiries please contact: 
 
Investor Relations
Pippa Foulds                  +44 7778 031097
Faye Dipnarine            +44 20 7157 6581
 
Media Relations
Paul Moore                   +44 7860 794444
Grant Cunningham      +44 7764 210742
 
 
 
 
 
 


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