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

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This story was selected and curated by our editorial team in the Advertising category. Published on November 11, 2026 • Originally reported by Lauren Almeida. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.

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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