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Associated Press30d agobullish
Sky agrees to buy British broadcaster ITV for up $2.1 billion to compete with streaming giants

Sky, the UK-based TV, internet and mobile phone provider owned by Comcast, has agreed to buy ITV’s media and entertainment arm for up to 1.6 billion pounds ($2.1 billion) after months of talks to create a major competitor to the global streaming giants. The deal includes the terrestrial TV channels and streaming service of ITV, Britain’s largest commercial broadcaster.

Pitchbook36d agobullish
Charter bonds surge on SpaceX deal chatter, Comcast spinoff news

Bonds backing Charter Communications popped this morning, buoyed by reports of a potential mobile phone partnership with SpaceX as well as the revelation that rival Comcast Corp. plans to split into two publicly traded companies. Charter stock surged after Bloomberg reported that the company is in discussions to route some phone traffic through SpaceX’s direct-to-cell service, which SpaceX already operates in partnership with T-Mobile. This would enable Charter to pivot from its massive and cost

Fox to buy streaming pioneer Roku in a $22 billion deal
Associated Press51d agobullish
Fox to buy streaming pioneer Roku in a $22 billion deal

Fox Corp. has agreed to buy the streaming pioneer Roku in a cash-and-stock deal valued at approximately $22 billion, including debt. Roku will continue to be run as an open, partner-friendly platform, the companies said Monday, and there appears to be no immediate changes that customers will see. Fox and Roku said that the combined company will become the third-largest player in U.S. television by share of viewing.

Versant beats revenue estimates on licensing deals, digital platform growth
Reuters83d agobullish
Versant beats revenue estimates on licensing deals, digital platform growth

Versant Media topped Wall Street estimates for first-quarter revenue on Thursday, as content licensing ‌deals and strong sales at businesses like Fandango ‌helped cushion the impact of pay-TV cord cutting. The Comcast spinoff, whose portfolio ​is centered on cable networks, has been expanding the reach of major brands including CNBC and MS NOW to stay competitive as viewers increasingly move to streaming. For the January-March ‌period, total revenue came ⁠in at $1.69 billion compared with estimates of $1.62 billion, according to data compiled by LSEG.