Who owns Sky?
Sky Group Limited is a British media and telecommunications conglomerate, which is a division of Comcast, and headquartered in London. It has operations in the United Kingdom, Ireland, Germany, Austria, Switzerland, and Italy. Who owns Sky? The sky is Europe’s largest media company and pay-TV broadcaster by revenue with 23 million subscribers and more than…
Sky Group Limited is a British media and telecommunications conglomerate, which is a division of Comcast, and headquartered in London. It has operations in the United Kingdom, Ireland, Germany, Austria, Switzerland, and Italy.
Who owns Sky?
The sky is Europe’s largest media company and pay-TV broadcaster by revenue with 23 million subscribers and more than 31,000 employees as of 2019. British Sky Broadcasting, was formed by the merger of Sky Television and British Satellite Broadcasting on 2 November 1990. Both companies had begun to struggle financially and were suffering financial losses as they competed against each other for viewers.
The company is primarily involved in satellite television, producing, and broadcasting. The current CEO is Dana Strong. In August 2021, Sky Group signed a deal with ViacomCBS to launch Paramount+ in the United Kingdom, Ireland, Italy, Germany, Switzerland, and Austria by 2022. it was announced that Paramount+ will launch on 22 June 2022 for Sky customers in Ireland and the United Kingdom.
Before November 2018, Rupert Murdoch’s 21st Century Fox-owned a 39.14% controlling stake in the company, 21st Century Fox announced that it had agreed to buy the remainder of Sky, pending government approval. However, after a bidding war that included the Walt Disney Company, US media and telecoms conglomerate Comcast acquired the entirety of Sky in 2018 for £17.28 per share. NBCUniversal, which is Sky Group’s sister company, is also a division of Comcast.
