American Sky Broadcasting
 |
|
| Public | |
| Traded as | : FTSE 100 Component |
| Industry | Mass media |
| Predecessor |
Sky Television British Satellite Broadcasting |
| Founded | 2 November 1990 |
| Founders | Rupert Murdoch |
| Headquarters | London, England, UK |
|
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 | £11.965 billion (2016) |
| £0.977 billion (2016) | |
| £0.663 billion (2016) | |
| Owner | 21st Century Fox (39.14%) |
|
Number of employees
|
30,000 (2017) |
| Subsidiaries |
Sky UK Sky Ireland Sky Deutschland Sky Italia Amstrad The Cloud Now TV (UK) |
| Website | corporate |
Sky plc is a Pan-European 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; on 9 December 2016, following a previous attempt under News International that was affected by the phone hacking scandal, 21st Century Fox announced it had agreed to buy the remainder of Sky, pending government approval. As of July 2017, it has been subject to government review.
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".
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