Sky and BT agree cross supply of TV channels and Now TV

 
Alys Key
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OFCOM Considers The Multi-billion Pound Takeover Of SKY By 21st Century Fox
Now TV will be marketed to BT customers (Source: Getty)

Arch-rivals Sky and BT have buried the hatchet, it seems, after the pair signed a landmark deal to market and sell each other's channels to customers.

Under the deal, BT Sports will be available to Sky customers, giving them a wider range of sporting events including every match of the Premier League, UEFA Champions League and Europa League.

In exchange, Sky will make its NowTV streaming service available on BT's set-top-box.

Read more: Possible end to Sky News if 21st Century Fox merger with Sky blocked

The services will be available from 2019.

"This is all part of our stated strategy to enhance our customer offering, to broaden our appeal and to open up new revenue streams for our business," said Sky chief executive Jeremy Darroch.

Sky has put money into its content, and is now seeking to squeeze more return on its investment with new revenue streams.

The deal bolsters Sky's position a day after Disney's buyout of 21st Century Fox's assets, including a 39 per cent stake in Sky, was announced.

Fox is expected to maintain its bid for the remaining shares in Sky, with the CMA and culture department confirming yesterday that a review into the takeover would continue as planned.

Some analysts even believe the removal of Murdoch ownership will help to push the takeover through due to the easing of political pressure.

Read more: It's official: Disney is buying 21st Century Fox for $52bn

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