Record revenue, profit and viewership for UKTV | Major Businesses | Business
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Leading British commercial broadcaster UKTV has revealed a strong 2016, with landmarks in key performance indicators such as profit, revenue and share of commercial linear and non-linear audiences.

uktv 20April2017 For the financial year ended 31 December 2016, the company boasted revenue of £344.8 million, up 8% year-on-year. This was the driver for EBITDA of £91.3 million, an annual rise of 11.3%. UKTV said that it had seen continued progress in 2016 across all areas of the business, including growth in its linear and on-demand propositions.

The company attributed its performance on a strategy of investment in UKTV’s brands, in digital distribution, and programming including UKTV Originals, which it said was helping attract larger audiences to UKTV channels. UKTV’s investment in programming and related launches totalled £151.2 million in 2016, which it said resulted in more original programming across the network, with double the number of UKTV Originals hours premiering in 2016 compared with 2015. Commissioned content on the flagship Dave channel was said to have proved particularly popular with viewers. UKTV Originals made up eight out of the channel’s top ten titles.

UKTV was delivering well against its strategy, remarked CEO Darren Childs. “I believe there is great headroom to continue to grow share in our channels’ business, but we are also broadening our focus,” he said. “We will capitalise on the growth of UKTV Originals and build original entertainment with shows such as Porters, Into The Fire, Murder on the Blackpool Express and a new primetime format for W hosted by Davina McCall. We will invest more in VOD because our new advertising deal makes investment in on demand services attractive. UKTV Play remains our fastest-growing and youngest brand - across content, marketing and increasing our capability to use data to better serve advertisers.”

Childs added that in 2017 UKTV was diversifying its business with the launch of The Innovation Fund, in partnership with Channel 4,  which would make a multi-million-pound investment in high growth potential businesses to generate new revenue streams.