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Sky Acquires ITV for £2.1B | Venice Beach News
Sky is set to become Britain’s biggest commercial broadcaster after a $2.1 billion acquisition of ITV’s media and entertainment arm, combining free-to-air giants with a popular streaming service to compete against Netflix and Amazon. While ITV Studios — the powerhouse behind hits like “Love Island” — remains outside the deal, Sky is securing a separate $2.8 billion deal to license its content, ensuring British creativity thrives. This bold move, led by Comcast, aims to capture two-thirds of the UK’s ad market and build a resilient, diversified entertainment empire — all while NBCUniversal…
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