ITV PLC — M&A Activity 2020

Aug 20, 2020

National Storage Mechanism | Additional information

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

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