ITV expects revenues to recover in 2022 and return to pre-pandemic levels.
The group also hopes to expand on international business and increase global formats in countries around the world.
Commenting on ITV’s vision for the next five years, Carolyn McCall the chief executive said: “The vision we set out for ITV Studios in 2018 was to strengthen and grow our UK and international production business into a high quality and diversified global business.
“We have made very significant progress and we are now a key scaled player in the global content market, diversified by genre, geography and customer base and we are in a position of strength to take advantage of the growing demand for quality content.”
Also commenting was managing director of ITV Studios, Julian Bellamy, who added: “Today we are the number one commercial producer in the UK, one of the largest independent producers of unscripted content in the US and one of the biggest global producer/distributors in the world.”