David Mortimer Promoted At STV Studios As ‘Criminal Record’ Producer Predicts “Strong” Profitability For Rest Of 2024
deadline.comDavid Mortimer has been promoted at STV Studios as the Criminal Record producer predicts “strong H2 profitability.” Mortimer has risen from MD to CEO of STV Studios, coming a few days after ex-ITV exec Rufus Radcliffe was revealed to be taking over as CEO of STV from Simon Pitts, who will stand down next month.
The news about Mortimer’s promotion comes as STV, which is a public company, revealed solid half-year results for the first six months of 2024.
STV, which incorporates linear channels, streaming and STV Studios, saw turnover rise 20% to £75.3M ($98.9M) while adjusted operating profit was up by one third to £10.6M.
STV Studios, meanwhile, saw a 38% boost in revenue to £37.5M. STV said it is “on track” to deliver on the target of doubling Studios revenue to £140M by the end of 2026 with a 10% margin.
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