Sky Group

Sky Group Limited
Company typeSubsidiary
Founded2 November 1990 (2 November 1990)
HeadquartersSky Campus, ,
Area served
Key people
ProductsDirect-broadcast satellite, pay television, broadcasting, broadband and telephony services
RevenueDecrease £14.5 billion (2022)
Number of employees
32,000 (2021)
ParentComcast (2018–present)
Footnotes / references
Evolution of Comcast NBCUniversal
1912Universal Pictures is founded
1926NBC is founded
1928Walter Lantz Productions is established
1943MCA Inc. establishes Revue Studios (later Universal Television)
1953NBC begins first compatible color broadcasts, preceding other networks by nine years
1956NBC's first peacock logo debuts
1963American Cable Systems is founded
1964Universal Studios Hollywood opens
1967NBC broadcasts the first Super Bowl
1968American Cable Systems rebrands to Comcast
1972Comcast began trading on the New York Stock Exchange (NYSE)
1975Universal releases Jaws
1980PolyGram renames Casablanca Record & Filmworks to PolyGram Pictures
MCA Videocassette‚ Inc. (later Universal Pictures Home Entertainment is established
1982Universal releases E.T. the Extra-Terrestrial
1984Walter Lantz Productions' assets are sold to Universal
Telemundo is founded
1985Universal releases Back to the Future
1986General Electric buys RCA for $6.4 billion, including NBC and a stake in A&E
1989NBC relaunches Tempo Television as CNBC
1990Universal Studios Florida opens
Law & Order premieres on NBC
Sky Television and British Satellite Broadcasting merge to form British Sky Broadcasting
Universal Cartoon Studios (later Universal Animation Studios) is established
1993Universal releases Jurassic Park
1994DreamWorks Animation is founded
1996NBC and Microsoft replace America's Talking with MSNBC
1997Barry Diller purchases Universal's domestic television assets
1998Seagram acquires PolyGram Filmed Entertainment
Universal Television is renamed Studios USA Television
1999PolyGram Filmed Entertainment is folded into Universal Pictures
Universal Studios Florida expands to become Universal Orlando Resort
Law & Order: Special Victims Unit premieres on NBC
2001Grand opening of Universal Studios Japan
Universal releases The Fast and the Furious
Vivendi purchases Studios USA
2002NBC acquires Telemundo and Bravo
Studios USA assets are folded into Universal
Focus Features is formed
Comcast acquires AT&T Broadband for $44.5 billion
2003Universal becomes the first studio with five summer releases breaking the $100 million mark
2004GE and Vivendi merge NBC and Universal into NBCUniversal
2005The Office premieres on NBC
Comcast sets up a joint-venture with PBS, Sesame Workshop & HIT Entertainment to form PBS Kids Sprout
Comcast & Time Warner Cable jointly acquire Adelphia Cable assets for $17.6 billion
2006USA Network begins 13-year streak as #1 cable network in total viewers
2007Illumination is founded
2010Universal releases Illumination's first film Despicable Me
2011Vivendi divested in NBCU; Comcast buys 51% of NBCU from GE, turning it into a limited liability company
NBCUniversal Archives is founded
2012Universal celebrates its 100th anniversary
NBCUniversal divests its A&E Networks minority stake
2013Comcast buys GE's remaining 49% of NBCU
Comcast/NBCU assumes full ownership of Sprout
2014Comcast attempts to acquire Time Warner Cable for $45.2 billion
NBCUniversal reaches a new long-term deal with WWE
2016NBCU acquires DreamWorks Animation
2017Sprout relaunches as Universal Kids
2018Comcast acquires Sky after a heated bidding war with 21st Century Fox
2019NBCU acquires Cineo Lighting
2020NBCU launches Peacock
2021Grand opening of Universal Beijing Resort
2023The Super Mario Bros. Movie becomes Illumination's highest-grossing film

Sky Group Limited[4] is a British media and telecommunications conglomerate, which is a subsidiary of the American conglomerate Comcast, and headquartered in Isleworth. It has operations in the United Kingdom, Ireland, Germany, Austria, Switzerland and Italy. Sky is Europe's largest media company and pay-TV broadcaster by revenue (as of 2018),[5] with 23 million subscribers and more than 31,000 employees as of 2019.[2][6] The company is primarily involved in satellite television, producing and broadcasting. The current CEO is Dana Strong.

Initially formed in 1990 by the equal merger of Sky Television and British Satellite Broadcasting, BSkyB became the UK's largest digital pay television company.[7] In 2014, after completing the acquisition of Sky Italia and Sky Deutschland, the merged company changed its name to Sky plc.[8]

Prior to November 2018, Rupert Murdoch's 21st Century Fox owned a 39.14% controlling stake in the company;[9] on 9 December 2016, following a previous attempt under News Corporation that was affected by the News International phone hacking scandal, 21st Century Fox announced that it had agreed to buy the remainder of Sky, pending government approval. However, after a bidding war that included the Walt Disney Company (which was, in turn, acquiring most of 21st Century Fox's assets), US media and telecoms conglomerate Comcast acquired the entirety of Sky in 2018 for £17.28 per share. NBCUniversal, which is Sky Group's sister company, is also a subsidiary of Comcast.

Before the acquisition by Comcast, Sky was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index and had a market capitalisation of approximately £18.75 billion (€26.76 billion) as of 2018.[10]

  1. ^ "Sky ad revenue down 9% as Comcast reports lower profit". 26 January 2023. Retrieved 26 February 2023.
  2. ^ a b "Sky at a glance". Sky. Archived from the original on 4 November 2018. Retrieved 1 November 2018.
  3. ^ "Sky to double down on originals under in-house Studios banner". TBI Vision. 12 June 2019. Retrieved 26 July 2019.
  4. ^ "SKY GROUP LIMITED overview - Find and update company information - GOV.UK". Companies House. 14 May 2015. Retrieved 26 December 2023.
  5. ^ "Leading European pay TV operators by revenue 2018". Statista. Retrieved 1 November 2018.
  6. ^ "News Corp. slows BSkyB bid". Ottawa Citizen. 14 October 2010.[permanent dead link]
  7. ^ Mike, Snider (15 December 2016). "Murdoch's Fox acquires U.K.'s Sky network". USA Today. Retrieved 16 November 2018.
  8. ^ "Sky creates Europe's leading entertainment company". Sky. 13 November 2014. Archived from the original on 15 November 2014. Retrieved 13 November 2014.
  9. ^ "Phone Scandal Poses Defining Test for a Murdoch Son". The New York Times. 8 July 2011. Archived from the original on 9 July 2011. Retrieved 10 July 2011.
  10. ^ "FTSE All-Share Index Ranking". Retrieved 26 December 2011.

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