British broadcaster ITV has agreed to sell its media and entertainment division to Comcast’s Sky for £1.6 billion ($2.13 billion). The deal will leave ITV as a standalone production business, making shows for the combined ITV-Sky as well as other broadcasters and streamers globally.
Sky CEO Dana Strong said the acquisition is a ‘defining moment’ for British media, combining the best of free-to-air television, pay TV, and streaming. The newly combined ITV M&E and Sky has committed to spend a minimum of £2.1 billion over 2028-2032.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
