Sky buys ITV broadcasting arm in £1.6bn deal Media Sky has confirmed it will take over ITV’s broadcasting arm for £1.6bn, in a move the media giant says will safeguard its role as a public service broadcaster. The US-owned broadcaster said on Monday it will pay £1.6bn in total for ITV Media and Entertainment, which include its free-to-air TV channels in the UK and [...]
Sky owner Comcast announces plan to split Business Comcast, the US media behemoth which owns Sky TV, has announced plans to split in two. The deal comes just as Sky is agreeing terms of a multi-billion-pound acquisition of part of ITV, which would unite the UK’s biggest pay-TV provider with the channels and streaming platform of its dominant free-to-air service. London traders looked unperturbed at [...]
Universal reveals £133m investment in Bedford theme park Media US Media giant Comcast has revealed that it has already invested more than £130m in its upcoming Universal theme park in Bedford which was recently announced by the government. The 540 acre Universal United Kingdom Resort is due to open in 2031 and is tipped to have rides themed to Jurassic World, James Bond and [...]
ITV banks on World Cup boost as Sky talks rumble on May 14, 2026 ITV is eyeing a rebound in ad revenue in the second quarter as the broadcaster bets on the World Cup to power a summer recovery. The broadcaster and producer behind Love Island and Rivals posted flat revenue for the first quarter, with growth in ITV Studios and streaming platform ITVX offsetting weaker ad sales. Total [...]
Runware raises $50M to accelerate AI media generation December 12, 2025 London-based startup Runware has raised $50m in a Series A round led by Dawn Capital, as companies rush to leverage potential productivity gains from AI-powered image, video, and audio tools. Other investors included Speedinvest, Comcast Ventures, and existing backers like Insight Partners, a16z Speedrun, Zero Prime Ventures, and Begin Capital. Founded in 2023 by Flaviu [...]
Netflix snaps up Warner Bros in blockbuster £54bn deal December 5, 2025 Netflix has clinched a blockbuster deal to take over Warner Bros in a major shake-up of the film and streaming industry. In an announcement on Friday, it was formally announced that Netflix would take over the major streaming and film company Warner Bros in an agreement worth $72bn (£54bn). Should the deal pass regulatory checks, [...]
Sky in talks to buy ITV’s broadcasting arm for £1.6bn November 7, 2025 ITV has confirmed it is in early talks with Sky over the possible sale of its media and entertainment division, in a move that could reshape the UK television industry. In a statement to the market on Friday, ITV announced that it was in “preliminary discussions” regarding a potential sale of its broadcasting and streaming [...]
Sky back in profit ahead of cutting 900 UK jobs October 2, 2025 Media and telecoms giant Sky recovered from losing almost £800m to return to the black in 2024 before preparing to cut hundreds of jobs. Sky, which was bought by the US media company Comcast for £30bn in 2018, has posted a pre-tax profit of £253m for its latest financial year. The total comes after Sky fell [...]
Sky to cut hundreds of UK jobs as broadcaster shifts focus September 16, 2025 Sky, the Comcast-owned broadcaster, is set to cut around 900 jobs in the UK as it shifts its focus from new product launches to enhancing existing services and competing with US streaming giants. Around 600 roles are expected to go in the group’s operations, the FT first reported, with the remaining staff potentially redeployed, depending [...]
Sky, Channel 4 and ITV launch first unified ad marketplace June 17, 2025 In a landmark move set to shift UK TV advertising, Sky, Channel 4, ITV, and Comcast have announced their intent to launch a premium self-service video advertising marketplace. For the first time, small and medium sized businesses, or SMEs, will be able to run a single ad campaign across all three broadcasters’ platforms, simplifying access [...]