By Holly Williams, PA Business Editor & Lawrence Matheson ITV, the broadcasting giant, has reported a 16% drop in revenues from its production arm due to the impact of last year’s US writers’ and actors’ strike. The company behind popular shows such as Mr Bates Vs The Post Office and Love Island revealed that ITV Studios’ revenues fell to £382million in Q1, down from £457million the previous year. ITV also anticipates a further decline in Studios’ revenues in Q2 following the strike action, which was one of the longest in industry history and caused significant disruption across Hollywood and …