Sky makes £2bn spending pledge as it prepares takeover of ITV broadcasting arm

According to the Guardian, Sky—the Comcast-owned British TV provider—is pledging two billion pounds to invest in ITV's studios over the next five years as it moves toward acquiring ITV's broadcasting operations. The deal, valued at one point six billion pounds, could close in early July. The commitment aims to keep shows like Coronation Street and Love Island on the air, securing the future of Britain's most-watched television franchises.

Listen to this story

Hear this and more stories in a personalized audio briefing.

Open The Chonkerton