ITV has confirmed its coverage related to the death of Queen Elizabeth II cost the broadcaster £16 million.
The monarch died aged 96 in September 2022, and the broadcaster’s Media & Entertainment branch has addressed the financial impact, which includedIn ITV’s 2022 full year end results, it said: ‘Following the passing of Her Majesty Queen Elizabeth II in September 2022, the M&E business incurred significant additional costs related to news coverage over and above normal day‑to‑day costs.
Meanwhile, it’s noted that costs of the coverage of the Queen’s death, including her funeral, ‘do not include any financial impact of the advertising blackout in force during this period.’ However, ITV added that ‘content costs were slightly lower than originally guided due to changes in the schedule’ down to both the death of Queen Elizabeth, and the broadcaster having ‘fewer England Internationals ahead of the 2022 FIFA World Cup’.
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