Gaining control of the British pay-TV company was key for Comcast’s future plans, but it came at a steep price and Disney still has 21st Century Fox’s assets.
TV broadcasters Sky, ITV and Channel 4 have today announced they are working together to launch CFlight, the industry’s first unified advertising metric that captures live, on-demand and time-shifted commercial impressions across all mainstream viewing platforms in the U.K. The U.K.’s CFlight is a post-campaign online evaluation tool, using combined linear TV and broadcaster VOD […]
NBCUniversal has unveiled its inaugural speaker lineup and event themes for ONE21, what it calls “a first-of-its-kind global gathering that will redefine what it means to develop and build with the leading media companies. ONE21 will bring together a massive community of developers across all industries — from technologists to creators and more — to […]
KC Sullivan is tapped to head the new global division. Andrew Mortimer will oversee the global partnerships team, while Max Raven will lead the global news advertising team.
Newsy Ramps Up For 24/7 News
NBCUniversal unveiled plans for a new advertising venture with its Comcast sibling Sky, a “creativity summit” over the summer and other initiatives during a “state of the marketplace conversation” on Monday. The online event was held on the day the company had planned to host its annual upfront presentation at Radio City Music Hall.
A new global news venture will arrive this summer as some analysts wish Comcast was a pure-play cable company, while a Wall Street bull says Sky and NBCUniversal give the company a “distinct advantage.”
Sky is on the verge of a deal with Disney to bring the Hollywood superpower’s new streaming service to millions of British homes. The pair were putting the final touches to a multiyear partnership over the weekend. Sky’s rivals Virgin Media and BT will be able to carry the Disney+ app, however, they will be unable to offer Disney+ fully integrated with other programming.
Comcast confirmed plans to launch a global news platform with Sky News at the launch of its highly anticipated streaming offering Peacock. Variety understands that the new channel will be a brand new service that exists independent of Sky News and NBC News, with bases likely to be set up in London and New York and a team of journalists around the world. The new venture, which is as yet untitled, could contend with the likes of CNN and Bloomberg.
Sky and NBCUniversal today announced the global expansion of CFlight, with Sky adopting the next-generation metric across all of Sky Media’s content and platforms. CFlight is a unified advertising metric that captures all live, on-demand and time-shifted commercial impressions on every viewing platform and ensures every impression counts. According to NBCU, “with today’s announcement, CFlight […]
Comcast CEO Brian Roberts said the company is “exploring” the launch of a global news channel co-branded with NBC and Sky by the end of 2019. “We look at this as a way to grow our company and power our company for decades to come,” Burke said during a conference call with analysts Thursday.
The two unify their Suite of advanced advertising capabilities for global marketers under AdSmart. This unification of capabilities marks the first joint advertising initiative following Comcast’s acquisition of Sky.
NBC Sports Group and Sky Sports are set to announce on Monday that they are planning the most extensive television coverage ever of the Players Championship golf tournament, their biggest collaborative foray on sports coverage since Comcast took over Sky last fall.
Comcast said it had secured over 75% of Sky’s shares, bringing it closer to finalizing the $40 billion takeover of the British pay TV group. Comcast has previously said it hoped the acquisition would complete by the end of October.
After taking a couple of days to mull its options, 21st Century Fox has decided to sell its 39% stake in Sky to Comcast, enabling the Philadelphia-based media conglomerate to take full control of the European pay-TV giant.
Comcast won its fight with 21st Century Fox for Sky over the weekend, but now the company is taking its lumps from industry analysts for apparently overvaluing the European operator.
After three rounds of secret bidding on Friday and Saturday, Comcast offered the higher price of 17.28 pounds ($22.58) per share for European broadcaster Sky, the equivalent of nearly 30 billion pounds ($39 billion). Rival 21st Century Fox offered 15.67 ($20.47) per share.
The Takeover Panel, an independent British regulator, says that since neither company has declared its offer final, an auction procedure is expected to commence at 5 p.m. on Sept. 21 and end during the evening of Sept. 22.
If neither suitor gives up before Sept. 22, U.K. regulators could take the rare step of setting up an auction that will determine which U.S. media heavyweight ends up controlling the coveted broadcaster.
Sky has invested $2 million in TV technology company SDVI alongside Fox, Turner and Discovery. The companies have participated in a new round of funding for the Silicon Valley firm, which provides cloud-based services to manages their content supply chains.
Twenty-First Century Fox has triggered a 46-day deadline to raise its bid for Sky in a battle with Comcast for control of the British pay-TV group. Under British takeover rules, Rupert Murdoch’s Fox now has until Sept. 22 to trump Comcast’s £14.75 per share offer for Sky, which values the broadcaster £25.9 billion ($33 billion), after it formalized its own £14 per share bid.
Comcast let Fox’s increased bid for Sky simmer for all of 14 hours before coming back with its own raised stakes. Now, several scenarios have been put in motion.
Sky shares shot up to an 18-year high on Thursday as investors bet a transatlantic battle for the European pay-TV group had further to run, after Comcast’s $34 billion bid trumped an offer from Rupert Murdoch made just hours earlier.
The decision by Britain’s culture secretary clears the final regulatory hurdle for Fox’s bid for the 61% of Sky that it does not already own.
Fox raised its bid to 14 pounds ($18.58) a share as it seeks the 61% of Sky not already under its control. The company says this is 12% higher than the last bid from Comcast and values Sky at 24.5 billion pounds ($32.5 billion). Fox has increased its bid by just over 30% since its first offer in December 2016.
Comcast is expected to lodge a formal $31 billion bid for Sky this week and the British government is thought to be on the brink of finally giving Rupert Murdoch’s 21st Century Fox the final greenlight to buy the 61% of the European pay-TV firm that it currently does not own.
Britain’s takeover regulator said Walt Disney Co. must offer to buy all of Sky if it acquires 21st Century Fox’s 39% stake and if Rupert Murdoch’s Fox is prevented from purchasing all of the European pay-TV company itself.
Rupert Murdoch’s 21st Century Fox is making a new pitch to win approval for its planned takeover of British broadcaster Sky. The first proposal would see 21st Century Fox selling Sky’s news business to Disney Under the second proposal, Sky News would be legally separated from the rest of Sky in a bid to ensure its editorial independence.
Comcast’s gatecrashing of Rupert Murdoch’s eight-year campaign to buy pay-TV group Sky has sparked a regulatory race with 21st Century Fox .
Comcast Corp’s roposal to buy Sky Plc for $31 billion has raised the specter of a potential bidding war between with Rupert Murdoch’s 21st Century Fox and Walt Disney Co.
“The market is predicting a much higher offer,” notes one analyst, while another predicts “it is likely Fox will now walk away.”
Comcast is offering 22.1 billion pounds ($29.50 billion) for Sky. The proposed cash offer values each Sky share at £12.50, which represents a 16% premium to the bid made by Murdoch’s 21st Century Fox.