Our system detected that your browser is blocking advertisements on our site. Please help support FoxesTalk by disabling any kind of ad blocker while browsing this site. Thank you.
Jump to content
 Share
Lionator

General News Thread

By Lionator, in General Chat

Recommended Posts

davieG

davieG

Posted
Posted

ITV sells media and entertainment arm to Sky for £1.6bn

Image source,PA Media

ByFaarea Masud

Business reporter

 

ITV is selling its media and entertainment divisions to Sky in a £1.6bn deal that the companies say will create a strong rival to global streaming giants.

The sale includes ITV's broadcast channels and its ITVX streaming service, and Sky chief executive Dana Strong called it "a defining moment for British media".

It is one of the biggest takeovers in British media history, with American-owned Comcast - which owns Sky - having started takeover talks in November last year.

ITV's studio arm, which makes popular programmes such as Love Island and I'm a Celebrity... Get Me Out of Here, is not included in the deal.

"The UK media market is undergoing a profound and rapid transformation, and as competition for audiences intensifies, scale matters more than ever in order to compete with global streaming giants and YouTube in the UK," Sky Group said in a statement.

The firm said there would be no immediate change to popular shows.

"Viewers will continue to enjoy the shows they know and love, such as Coronation Street, Emmerdale, Love Island, I'm a Celebrity... Get Me Out of Here!, This Morning, Loose Women, Lorraine and News at Ten – alongside major live sporting events," Sky added.

ITV is required by law to provide a free-to-air service until at least 2034 under its public service broadcasting licence.

The deal is still subject to approval from regulators, but when it is completed ITV Studios will become a standalone business.

Sky said it had agreed to spend £2.1bn on content from ITV Studios over a five-year period.

 

Susannah Streeter, chief investment strategist at Wealth Club, said the deal would be a "significant step in the reshaping of Europe's media landscape".

"Traditional broadcasters are having to change tactics fast in the battle for audiences whose attention is increasingly fragmented across streaming platforms, social media and online video, making advertising revenues harder to sustain," she said.

Streeter added that the key challenge would be ensuring that moves to cut costs did not come "at the expense of the creative talent, editorial experience and institutional knowledge that have underpinned both organisations' success."

  • Sad 1
kenny

kenny

Posted
Posted
36 minutes ago, leicsmac said:

Very broken.

 

Surely there are much worse strains on the exchequer than ensuring those who suffer from horrible miscarriages of justice like this are compensated for the time and anguish it has cost them?

It's not about the cash, it's about protecting those that have cocked up at all costs. Compensation is an admittance that mistakes were made.

leicsmac

leicsmac

Posted
Posted
9 minutes ago, kenny said:

It's not about the cash, it's about protecting those that have cocked up at all costs. Compensation is an admittance that mistakes were made.

Well, given that there are much larger "wastes" of the exchequer than this, you're in all likelihood correct here. 

 

Crooked. 

Zear0

Zear0

Posted
Posted
5 minutes ago, Bellend Sebastian said:

Farage statement due at 2 pm on his "future in public life".

 

I know what it might be but let's see

 

 

 

Standing back from front line politics to spend more time with my bestest buddy convicted fraudster George Cotteril and Thai tax exile?

ClaphamFox

ClaphamFox

Posted
Posted
5 minutes ago, Bellend Sebastian said:

Farage statement due at 2 pm on his "future in public life".

 

I know what it might be but let's see

 

 

 

is it likely to be anything other than him quitting as leader of Reform?

Free Falling Foxes

Free Falling Foxes

Posted
Posted
8 minutes ago, ClaphamFox said:

is it likely to be anything other than him quitting as leader of Reform?

I wasn't alone on here in saying that the last set of local election results, although outstanding for Reform, would transpire as being their peak.

I think their support will begin to unroll and with the controversial Farage in charge, will deminish still further.

He certainly looked 'rattled' when they tried to interview him yesterday on his return from America.

leicsmac

leicsmac

Posted
Posted

If this is him stepping away from a more public stage, one can only assume that whatever allegations are against him at the moment are both serious and ones he can't deflect with responses of "fake news".

Innovindil

Innovindil

Posted
Posted
29 minutes ago, leicsmac said:

If this is him stepping away from a more public stage, one can only assume that whatever allegations are against him at the moment are both serious and ones he can't deflect with responses of "fake news".

It all seems weird af. Man declared some of his dodgy takes but not all. Then says he doesn't have to declare them. He obviously knows he does and just hoped if he declared some, others would be ignored perhaps. 

  • Like 2
Mark_w

Mark_w

Posted
Posted
39 minutes ago, leicsmac said:

If this is him stepping away from a more public stage, one can only assume that whatever allegations are against him at the moment are both serious and ones he can't deflect with responses of "fake news".

Probably quitting so that he can use it as leverage to get a bit more money before u-turning, that’s his usual tactic

  • Like 1

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
 Share
Go to topic listing
×
×
  • Create New...