Sky plc
 |
|
| Public | |
| Traded as | : |
| Industry | Mass media |
| Predecessor |
BSkyB Sky Television British Satellite Broadcasting |
| Founded | 2 November 1990 |
| Founders | Rupert Murdoch |
| Headquarters | Osterley, London, England, United Kingdom; Swords, Dublin, Ireland |
|
Area served
|
Europe |
|
Key people
|
James Murdoch (Chairman) Martin Gilbert (Deputy Chairman) Jeremy Darroch (CEO) |
| Products | Direct-broadcast satellite, Pay television, broadcasting, broadband and telephony services, |
| Revenue | £9.989 billion (2015) |
| £1.516 billion (2015) | |
| £1.952 billion (2015) | |
| Owner | 21st Century Fox (39.14%) |
|
Number of employees
|
30,000 (2015) |
| Subsidiaries |
Sky UK Sky Ireland Sky Deutschland Sky Italia Amstrad The Cloud Now TV (UK) |
| Website | corporate |
Sky plc is a British satellite broadcasting, on-demand internet streaming media, broadband and telephone services company with headquarters in London. It has operations in the United Kingdom, Ireland, Germany, Austria and Italy. Sky is Europe's biggest and leading media company and largest pay-TV broadcaster, with 21 million subscribers and 30,000 employees as of 2015.
Initially formed in 1990 by the equal merger of Sky Television and British Satellite Broadcasting, BSkyB became the UK's largest digital subscription television company. In 2014, after completing the acquisition of Sky Italia and Sky Deutschland, the merged company changed its name to Sky plc. Sky is listed on the and is a constituent of the FTSE 100 Index. It had a market capitalisation of approximately £18.75 billion (€26.76 billion) as of 2015.Rupert Murdoch's 21st Century Fox owns a 39.14 per cent controlling stake in the company.
British Sky Broadcasting was formed by the merger of Sky Television and British Satellite Broadcasting on 2 November 1990. Both companies had begun to struggle financially and were both suffering financial losses as both competed against each other for viewers. The Guardian later characterised the merger as 'effectively a takeover by News Corporation'.
The merger was investigated by Office of Fair Trading and was cleared a month later since many of the represented views were more concerned about contractual arrangements which had nothing to do with competition. The Independent Broadcasting Authority was not consulted about the deal; after approval, the IBA demanded precise details about the merger, stated they were considering the repercussions of the deal to ultimately determine whether BSB contracts were null and void. On 17 November, the IBA decided to terminate BSB's contract, but not immediately, as it was deemed unfair to 120,000 viewers who had bought BSB devices.
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Wikipedia