ITV's Media Division Up for Sale to Sky

ITVs media and entertainment division, including its free-to-air channels and ITVX streaming platform, is in early talks for a potential sale to Sky, owned by Comcast. The proposed deal, valued at around £1.6 billion, aims to strengthen streaming presence and compete with global giants like Netflix and Disney. However, regulatory approval is needed due to ITVs status as the UKs largest commercial public broadcaster and Comcasts existing ownership of Sky. The sale also includes ITVs successful Studios production business, which creates popular shows for various broadcasters.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.