Sky to Buy ITV’s TV Assets | Glasgow News

Sky is set to buy ITV’s media and entertainment division for up to £1.6 billion, creating a powerhouse UK broadcaster capable of rivaling Netflix and Disney. The deal includes ITV’s TV channels and streaming service ITVX, but excludes ITV Studios — the production arm behind hits like “I’m A Celebrity” — which will become an independent global content company. Sky will invest over £2.1 billion in ITV Studios content through 2032, while also selling its own Love Productions (makers of “The Great British Bake Off”) to ITV for £200 million, with a potential bonus tied to ITV’s ad sales. Backed by Comcast, this move aims to fortify British TV against global streaming giants and ensure local content thrives in the digital age. 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/fc3c1a06841a8852