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ITV plc (ITVPF) CEO Dame Carolyn McCall on Q4 2020 Results - Earnings Call Transcript

Mar. 09, 2021 2:28 PM ETITV plc (ITVPF), ITVPY
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ITV plc (OTCPK:ITVPF) Q4 2020 Earnings Conference Call March 9, 2021 4:00 AM ET

Company Participants

Dame Carolyn McCall - CEO

Chris Kennedy - CFO

Dame Carolyn McCall

Good morning, everyone. Thank you for watching ITV's 2020 full year results. In a moment, Chris will present our operational and financial performance for the year. I will then update you on our strategy and our priorities for the year ahead. At 9:00 am, we will be holding a live Q&A, and we hope to speak to many of you then. ITV took swift action from the beginning of the pandemic and worked with real determination to successfully manage and mitigate the impact of COVID-19 while continuing to invest in our future.

Our overriding priority was the physical safety and mental wellness of our colleagues, whether they were working from home or producing our programs. ITV Studios has been very innovative and agile in restarting productions and our commercial teams have worked closely with advertisers to produce creative marketing solutions and attract new advertisers to ITV.

Throughout the pandemic, ITV has been on air informing and entertaining the nation. Despite the disruption and our focus on conserving cash, we've protected our strategic investments, and we're making good progress in executing our strategy. ITV Studios is continuing to strengthen its creative pipeline and diversify its customer base. We are implementing the Hub Acceleration plan, which is delivering improvements in the user experience and content; Planet V has been successfully rolled out to the majority of agencies to a really positive response; and BritBox UK is ahead of plan, hitting 500,000 subscriptions in January; BritBox US increased its subscriptions by 50% over the year; and we now have over 2.6 million SVOD subscriptions globally.

We are encouraged by the government road map out of

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