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Fri, Oct. 24, 11:30 AM
- The number of global pay-TV subscribers will rise 19.6% to 1.1B in five years, according to a forecast from ABI Research.
- The research firm thinks global pay-TV revenue could top $323B by the end of the period.
- Related stocks: DISH, DTV, LBTYA, CHA, T, TWC, OTCPK:BSYBF, OTC:SKDTF, OTCPK:KBDHY, OTCQX:DTEGY, AMX,
Wed, Sep. 17, 6:08 AM
- Sky Deutschland's (OTC:SKDTF) supervisory and executive boards have advised shareholders against a takeover offer by British Sky Broadcasting (OTCPK:BSYBF), saying the offer "doesn't reflect the long-term potential nor the internal value of Sky Deutschland."
- Previously, BSkyB agreed to acquire 21st Century Fox's (NASDAQ:FOX) Sky Italia and 57% stake of Sky Deutschland for £4.9B ($8.3B) in cash, to create a European pay-TV giant with approximately 20M subscribers.
Fri, Jul. 25, 3:13 AM
- British Sky Broadcasting (OTCPK:BSYBF) has agreed to a £4.9B ($8.3B) deal to acquire 21st Century Fox's (NASDAQ:FOX) Sky Italia and 57% stake of Sky Deutschland (OTC:SKDTF), creating a European pay-TV giant with approximately 20M subscribers.
- The deal would be financed through cash, debt and by a placing of shares that represents around 10% of the firm's issued share capital.
Mon, Jul. 21, 9:59 AM
- 21st Century Fox (NASDAQ:FOXA) may reach a deal to sell its wholly-owned Sky Italia unit and its 57% stake in Sky Deutschland (OTC:SKDTF) to British Sky Broadcasting (OTCPK:BSYBF) in the next two weeks, using the proceeds to support its offer for Time Warner (NYSE:TWX), Bloomberg reports.
- The proceeds could give FOXA additional cash - perhaps €10B ($13.5B) - for a TWX bid without having to borrow more; FOXA owns a 39% stake in BSkyB.
Sun, Jul. 20, 11:20 AM
- British Sky Broadcasting (OTCPK:BSYBF) may announce a deal within the next two weeks entailing the purchase of 21st Century Fox's (NASDAQ:FOX) Sky Deutschland (OTC:SKDTF) and 57% stake of Sky Italia, Reuters reports quoting the Sunday Times.
- The deal would form a European pay-TV giant with 20M subscribers, at a predicted acquisition price of around €7-10B ($9.5-13.5B).
- Facing difficulties from minority shareholders of Sky Deutschland, the purchase has been challenged with frequent delays in recent months.
Mon, May. 12, 3:24 AM
- British Sky Broadcasting (BSYBF) is in preliminary talks to acquire 21st Century Fox's (FOX) stakes in Sky Deutschland (SKDTF) and Sky Italia in a deal that would create a pan-European satellite-TV giant.
- Confirming weekend reports that discussions have taken place, BSkyB said it could purchase Fox's 57% stake in Sky Deutschland and then launch a mandatory takeover offer for the rest of the company, although not at a premium. Fox's holding in Sky Deutschland has a market value of over €3B, while its 100% stake in Sky Italia is worth €5B.
- Bloomberg reported that BSkyB, which is 39% owned by Fox, could pay €10B ($14B) for the two stakes.
- BSkyB's shares are -2.4% in London, while those of Sky Deutschland are +6.5% in Frankfurt. (PR)
Sun, May. 11, 4:05 AM
- British Sky Broadcasting (BSYBF) is reportedly in talks to acquire 21st Century Fox's (FOX) stakes in Sky Deutschland and Sky Italia for €10B ($14B).
- Fox's holding in Sky Deutschland (SKDTF) is 55% and has a market value of €3B, and in Sky Italia its stake is 100% and is valued at €5B, so BSkyB would be offering a premium. Fox also owns 39% of the U.K. company.
- A deal would combine BSkyB's 15M customers with the German firm's 3.73M subscribers and the Italian operator's 4.75M.
Sun, Mar. 2, 3:48 AM
- Viacom (VIA), Discovery Communications (DISCA) and Scripps Networks (SNI) have bid for U.K. TV broadcaster Channel 5, the FT reports.
- Saban Capital, the media-focused private equity group, has also made an offer.
- The value of the proposals couldn't be obtained, but Channel 5 owner Richard Desmond is seeking £700M ($1.17B).
- It wasn't clear if BSkyB (BSYBF) was part of the Discovery bid after an earlier FT report linked the companies for a Channel 5 offer.
Sun, Feb. 23, 4:25 AM
- Discovery Communications (DISCA) is in discussions with BSkyB (BSYBF) about a joint bid for the U.K.'s Channel 5, the FT reports.
- Channel 5 is being sold by British media businessman Richard Desmond, who bought the company for £104M in 2010 but hopes to receive £700M. Bids are due in on Thursday.
- BT (BT) and Comcast's (CMCSA) NBCUniversal are also considering making an offer.
Mon, Jan. 20, 5:34 AM
- The enemy of my enemy is my friend : Vodafone (VOD) and BSkyB (BSYBF) have reportedly held talks about how to compete with BT's (BT) increasing reach in the British broadband market, the U.K.'s Sunday Times reports.
- Vodafone (VOD) and Sky are considering deals involving the latter's sports and film channels and on co-operating on a high-speed broadband service.
- However, the two are unlikely to construct a nationwide fiber network, as such a project would cost several billion pounds.
- The talks come after a resurgent BT gained on its rivals by investing over £3B in a high-speed fiber-optic network and another £2B in sports broadcast rights.
Mon, Jan. 13, 7:13 AM
- A host of movie studios face an antitrust probe from the European Union over licensing deals with Pay-TV operators in Europe such as BSkyB (BSYBF) and Vivendi (VIVHY).
- The issue could cut into the ability of studios (TWX, FOXA, SNE, CMCSA, CMCSA) to charge different prices across the EU bloc on the same film.
Nov. 22, 2013, 3:47 PM
- The European Commission is close to launching a widespread probe into the sale of rights to exclusive TV content including films and sporting events.
- The commission is weighing the impact of the current system on poorer countries in the EU.
- What to watch: Technology is outpacing the ability of the Pay-TV industry in Europe to charge on a country-by-country basis, indicating the entire model could be ripe for disruption.
- Related stocks: ITVPF, BSYBF, BT, MANU.
Nov. 20, 2013, 1:56 PM
- Fresh off securing the rights to the European Champions League and Europa soccer tournaments, BT's (BT -1%) CEO Gavin Patterson said the company will be in strong financial shape when the next round of bidding for rights comes in 2015. He observed, "Because we've got this strong base in European football, on an exclusive basis it gives us that little bit more flexibility."
- BT's resurgence and expansion into sports programming is troubling for BSkyB (BSYBF), which has long held the dominant position in soccer programming in the U.K. CEO Jeremy Darroch downplayed the effect, observing that Champions League programming accounted for less than 3% of viewing on Sky Sports. "We have factual programmes that will do those kinds of audiences at a fraction of the cost ... We would have liked to have it, but not at any price."
Nov. 10, 2013, 2:12 AM
- BT Group (BT) has won the U.K. rights to screen matches from the European Champions League and the Europa League soccer tournaments after pipping BSkyB (BSYBF) - in which Fox (FOX, FOXA) owns a 39% stake - and fellow British broadcaster ITV (ITVPF) with a bid of £897M ($1.44B).
- The victory is the latest coup for BT, which last year broke Sky's stranglehold on English Premier League (EPL) matches by agreeing to pay £738M for exclusive rights to screen 38 games a season over the next three years.
- However, the price paid for the European deal has sparked concerns that BT is overpaying and about how the company will foot the the bill for its growing sports portfolio. Still, the EPL rights have already attracted new broadband customers, who can watch the games for free.
Apr. 15, 2013, 6:15 AMThe EU has approved Liberty Global's (LBTYA) $15.8B acquisition of Virgin Media (VMED), saying it doesn't have any competition concerns as the companies operate pay-TV networks in different European countries. The deal will pit Liberty against News Corp (NWS) satellite-TV affiliate BSkyB (BSYBY.PK), or John Malone against Rupert Murdoch. (PR) | Comment!
Sep. 20, 2012, 4:56 AMFollowing an investigation in the wake of the phone-hacking scandal, British media regulator Ofcom finds that News Corp. (NWS) affiliate BSkyB is "fit and proper to hold its broadcast licenses." However, Ofcom slams former Sky Chairman James Murdoch, who's now deputy COO at News Corp, saying that his behavior was "difficult to comprehend and ill-judged" and that he "repeatedly fell short" of his duties. (PR) | Comment!
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BSYBF vs. ETF Alternatives
British Sky Broadcasting Group plc and its subsidiaries operate the leading pay television broadcast service in the UK and Ireland, as well as broadband and telephony services. At June 30, 2013, there were 11.153 million total customers, with 35% of customers taking all three of its television,... More
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