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ITV To Buy Share In UKTV?

Potential £1bn Joint Deal With The BBC (May 2018)

PL
PaddyLee84 UTV Newsline
Details here - https://www.telegraph.co.uk/business/2018/05/28/itv-mulls-1bn-pact-bbc-buy-uktv/

Will be very interesting if it turns out to be true.
Last edited by PaddyLee84 on 29 May 2018 8:34am
:-(
A former member
Quote:

ITV is considering entering into a £1bn joint venture with the BBC by buying half of the Dave broadcaster UKTV, in a move to fortify British television against the increasing power of US tech giants.

It is understood that the long-standing rivals are considering a deal that could redraw battle lines and accelerate attempts to create a homegrown competitor to Netflix.

The window of opportunity to seal the partnership will close within a fortnight, however.

UKTV is currently owned by the BBC and Discovery, the US pay-TV company behind Eurosport.

Under the terms of the joint venture, the BBC has the right to buy out its partner at a set price before the end of next week. The 90-day call option..........





Discovery buy scirpt thread: https://tvforum.uk/tvhome/discovery-buys-scripps-42839/
LL
London Lite Founding member London London
Acquiring Scripps share will give the BBC and ITV control over UKTV Play, which would give them an existing VOD service to rebrand for their new pay tv service.
ST
Stuart Recently warned West Country (West) Spotlight
Acquiring Scripps share will give the BBC and ITV control over UKTV Play, which would give them an existing VOD service to rebrand for their new pay tv service.

Scripps sold their share to Discovery Inc.
ST
Stuart Recently warned West Country (West) Spotlight
Quote:
". . . it is understood that Discovery is working on an alternative plan to break up UKTV.

I'm not sure how they could do that, as Discovery only have 50% of UKTV. Wouldn't you need a majority shareholding to be able to start selling off assets?
DB
dbl London London
This news doesn't surprise me - it would cushion the load (both financially and politically) from BBC Studios buying their half, if true. (UKTV is practically a child in between two parent companies fighting for custody)
LL
Larry the Loafer Granada North West Today
Am I asking too much of this prospect by assuming this could lead to some long forgotten ITV shows popping up on the likes of Gold?
JA
jackhendo Granada North West Today
Am I asking too much of this prospect by assuming this could lead to some long forgotten ITV shows popping up on the likes of Gold?


That would be great!
JA
james-2001 Central (East) East Midlands Today
If they haven't put them on ITV3/4/Encore, I doubt they'd turn up on Gold (or any other UKTV channel). Will likely just be the same stuff over and over as it always is. Expect On The Buses on permanent loop to join OFAH.
JA
JAS84 Yorkshire Look North (E.Yorks & Lincs)
You never know. They did finally put Classic Corrie back on ITV3 a few months ago, for the first time since Granada Plus was sacrificed with very little warning so ITV3 could have it's Sky slot.
DV
DVB Cornwall West Country (West) Spotlight
Politically this is a shrewd move. Ideally ITV should take a 50pct plus one shareholding so that the issue of the BBC being in majority control and the nevitable repercussions of the Corporation suddenly required to be a licence holder for a bouquet of pay channels.

As for this entity becoming the UK PSB 'Netflix' I'm not so sure. The content offer would need to be skewed significantly to add less populist genres and content to it. The current offer from UKTV would lead perceptions. A separate entity in my opinion would be much the better choice.
WH
Whataday Founding member Wales Wales Today
Isn't the Netflix model based on content rather than the platform, whereas UKTV is a platform with not much of its own content?

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