Episode
Sky Acquires ITV Media Division | Business and Finance News
- Published
- Jul 6, 2026
- Duration seconds
- 92
- Processing state
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Summary
Sky is set to snap up a major chunk of ITV’s media and entertainment division for up to £1.6 billion, aiming to build a powerhouse streaming rival to Netflix and Disney+. The deal unites ITV’s TV channels and streaming service ITVX under Sky, but ITV Studios — the creator of hits like “I’m A Celebrity” and “Mr. Bates Versus The Post Office” — will remain independent, trading on the London Stock Exchange while continuing to supply content to the new merged entity. Sky promises no immediate changes to beloved shows, including “Coronation Street,” “Love Island,” and news programs. Talks began in November last year, and ITV’s free-to-air obligation remains in place until at least 2034. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/ff6d3c1a542c2c52