Comcast's acquisition of Sky; Insights & views

Tom Paine




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'“The price being paid for Sky is shocking, but it is a clear sign that legacy media companies are desperate for scale in a world dominated by tech platform giants,” said Richard Greenfield, technology and media analyst at research firm BTIG.'

"Sky also gives Comcast an immediate beachhead in online video streaming with its Now TV business, which has about 2 million customers."

https://www.reuters.com/article/us-sky-m-a-comcast/comcast-demonstrates-sky-high-ambition-in-global-media-shake-up-idUSKCN1M30R9



"The bigger picture: Fox still owns a 39% minority in Sky, which will go to the Walt Disney Company upon the completion of its acquisition of Fox's entertainment assets. Disney could potentially sell its minority stake to Comcast."

https://www.axios.com/comcast-prevails-fox-settlement-auction-sky-0ae9ca28-09b9-440c-9e7e-70f5272c49c9.html












"Crucially for Comcast, Sky has a growing video-streaming business. Roberts has said he was “terribly impressed” with Sky’s market-leading Q box platform, which is also a rich source of data on customer viewing behavior. Comcast estimates that owning Sky will create $500 million in synergies, partly through selling Sky content in the U.S. and NBC programming in Europe."
https://www.bloomberg.com/news/articles/2018-09-22/comcast-muscles-fox-aside-with-39-billion-offer-for-sky


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