This is a total non-story - this product will *NOT* be called ITV...
ITV is a multi-billion dollar company that produces television content for its own multi-channel network in the UK, the BBC, Channel 4, 5, Sky TV etc etc. It produces tons of content for American networks - American Idol, Hell's Kitchen, I'm A Celebrity, Who Wants to be a Millionaire etc etc. It licenses its formats out worldwide. Its existed for half a century, owns billions of dollars with of distribution rights worldwide.
ITV also released their own television set-top boxes in the early 2000s called "ITV Digital" - the service went into administration after a year or so, but they have prior art.
They own the trademark to ITV in the US, UK, EU etc.
Finally - it just sounds wrong! As others have pointed out "have you downloaded that new show on ITV?" - to anyone in the UK, they will be thinking about the ITV network. The UK is Apple's largest market outside the US - there is no way ITV will licence their trademark in the EU.
I personally don't think this Mirror article story is true - ITV's management/lawyers know how easy it would be to stop this being sold throughout Europe, and certainly the UK. ITV hasn't released a press statement (checked their press office
http://www.itv.com/presscentre/pressreleases/default.html) and the Mirror is notorious for 'speaking to a source' - i.e. writing utter crap.
Total non-story.
Have a beer... chill out! Enjoy your weekend.