RE: 52 week high5 Sep 2025 17:10
The need for necessary change and investment is done. IMO, it's all positive from here on. The need for change at ITV became glaringly obvious as traditional viewership declined, with reports indicating a drop of around **20%** in viewing figures between 2016 and 2021. The rise of streaming competitors like Netflix and Amazon Prime Video reshaped the entertainment landscape, drawing audiences away from linear TV. Younger viewers, particularly those aged 18-34, showed a strong preference for on-demand content, with over **60%** favoring streaming services. Financial pressures also mounted, as ITV's advertising revenue faced a decline, worsened by the COVID-19 pandemic. In response to these challenges, McCall's leadership focused on investing in new formats and digital platforms, culminating in the launch of ITVX. This free ad-supported streaming service aimed to attract a digital audience and provide a competitive edge in a rapidly evolving market, making it clear that adaptation was essential for ITV's survival and growth.