Sky pledges £2bn to ITV Studios as takeover of ITV broadcasting arm nears
7 reported
Sky has committed to spending £2bn on ITV’s studios business over the next five years as it finalizes a takeover of ITV’s broadcasting arm, according to a report. The £1.6bn takeover deal, which could be announced in early July, involves separating ITV’s channels and streaming platform ITVX from ITV Studios, which would remain a standalone company listed on the London Stock Exchange. Sky, owned by US telecoms company Comcast, has been in talks for months to buy ITV’s media and entertainment operations. The spending pledge is not new money but continues an existing arrangement, according to a source. The deal is expected to face scrutiny from the UK’s Competition and Markets Authority and Ofcom. Sky and ITV declined to comment.
What’s reported
Sky committed to spending £2bn on ITV’s studios business over five years.
The £1.6bn takeover of ITV’s broadcasting arm could be announced in early July.
ITV Studios would remain a standalone company listed on the London Stock Exchange.
ITV Studios accounted for more than half of ITV’s £4.1bn annual revenues in 2025.
ITVX had 16.5 million monthly active users last year, up from 14.7 million in 2024.
The takeover is expected to attract scrutiny from the CMA and Ofcom.
Sky and ITV declined to comment.
Key figures
Sky (owned by Comcast)
ITV
ITV Studios
ITVX
Love Productions
Competition and Markets Authority (CMA)
Ofcom
Sources: The Guardian
