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Skip to main content November 6, 2025 11:30pm Share on Facebook Share to Flipboard Send an Email Show additional share options Share on LinkedIn Share on Pinterest Share on Reddit Share on Tumblr Share on Whats App Print the Article Post a Comment Leon Neal/Getty Images Share on Facebook Share to Flipboard Send an Email Show additional share options Share on LinkedIn Share on Pinterest Share on Reddit Share on Tumblr Share on Whats App Print the Article Post a Comment Comcast’s European pay-TV business Sky is in talks to acquire U.K. TV giant ITV’s media and entertainment (M&E) unit. In a statement early Friday morning London time, ITV said it “is in preliminary discussions regarding a possible sale of its M&E business to Sky for an enterprise value of £1.6 billion,” which translates to $2.1 billion. The M&E business includes ITV’s commercial free-to-air TV channels in the U.K., as well as its ITVX streaming platform. Not part of a deal would be production powerhouse ITV Studios, which produces such shows as Love Island, Britain’s Got Talent, and the Harlan Coben Netflix hit series Fool Me Once, among many others. ITV Studios has been the topic of much deal chatter in recent years, with the likes of Banijay and others being cited as potential buyers. However, ITV on Friday also emphasized that a transaction for its M&E division with Comcast’s Sky may not come together. “There can be no certainty as to the terms upon which any potential sale may be agreed or whether any transaction will take place,” its statement highlighted. “A further announcement will be made in due course if appropriate.” lTV is led by CEO Carolyn McCall. The news of the deal talks came after ITV said on Thursday that it was planning $46 million in “temporary,” or “one-off,” cost savings amid “softer” advertising demand in the fourth quarter. THR Newsletters Sign up for THR news straight to your inbox every day Disney-YouTube TV Standoff Seems to Be Hurting ABC’s Ratings Bob Iger Has Some Advice For His Successors Lionsgate Shrinks Quarterly Loss After Starz Spin Off Video Games ‘Grand Theft Auto VI’ Delayed Once More to November 2026 Man Who Created AI Holiday Coke Ad Says It Took More Creativity Than You Realize Mikie Sherrill What Mikie Sherrill’s Win Means for New Jersey’s Booming Film and TV Industry The Hollywood Reporter is a part of Penske Media Corporation. © 2025 The Hollywood Reporter, LLC. All Rights Reserved. THE HOLLYWOOD REPORTER is a registered trademark of The Hollywood Reporter, LLC. Powered by WordPress.com VIP
