Sky is acquiring ITV's media and entertainment assets in a £1.6 billion transaction that separates the broadcaster’s channels and streaming platform from ITV Studios. As part of the deal, Sky has committed to a £2.1 billion long-term supply agreement with ITV Studios over the next five years.

Sky is in talks to acquire ITV’s media and entertainment business, including ITVX. The potential deal would not place existing ITV shows behind a paywall.