Media barons Bollore and Berlusconi team up to battle Netflix and Sky in £1.25bn bet on streaming future

Silvio Berlusconi and Vincent Bollore, two of Europe’s most powerful media barons, have agreed a €1.75bn (£1.25bn) pact to create a European rival to Netflix and stronger continental opposition to Sky. The deal is expected to be approved this evening by the directors of Mr Berlusconi’s TV company Mediaset. It will see Mr Bollore’s French media giant Vivendi take full control of Mr Berlusconi’s Mediaset Premium. The loss-making pay-TV arm owns rights to top-flight Italian football and competes with Sky Italia

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Nightmare for world’s most successful TV group?

BSkyB, now (again) re-named Sky, has had a remarkable quarter-century – and not only with its pioneering and innovative coverage of British football. It owns and operates the UK’s largest portfolio of pay TV channels across entertainment, sports, movies – and also news.  For the full blog read Flashes&Flames

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