Business
Sky acquires ITV as Netflix plans live TV channels
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Sky acquires ITV as Netflix plans live TV channels
A wave of consolidation and new strategies reshapes the television landscape: Sky buys ITV, Netflix explores always-on channels, and the BBC announces major cuts.
- Sky has announced a takeover of ITV, ending the broadcaster's independence after 70 years.
- Sky CEO Dana Strong identified £200m in annual cost savings, with a "minority" coming from job duplication.
- Netflix is considering launching always-on live TV channels and exploring bundles including Peacock, the Wall Street Journal reported.
- The BBC, under new leadership, is cutting up to 2,000 staff in its deepest cuts in 15 years as it seeks to become fit for the digital age.
TopicsCost CuttingNetflixITVLive TVJob CutsStreaming ServicesBBCTelevision BroadcastingSkyMergers and Acquisitions
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