Originally published by The Guardian View Original Article
ITV to cut show budgets as UK TV and film production spend drops by more than £2bn

ITV to cut show budgets as UK TV and film production spend drops by more than £2bn

Broadcaster plans to make £30m in ‘temporary’ savings before inquiry into takeover by Sky

ITV plans to slash its programming budget as new figures showed that spend on the production of films and prestige TV shows in the UK was down more than £2bn over the last year.

The broadcaster plans to make £30m in “temporary” savings, including £25m in content and £5m elsewhere in the business.

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