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/