Britain’s BT Group in talks to divest stake in television unit

The full version of the article, along with thousands like it, can be found on the following page: Britain’s BT Group in talks to divest stake in television unit

Platform Industry News: BT - British Telecom in the UK

BT Group Plc is in talks with Amazon.com, Walt Disney Co and Sport streaming company DAZN to divest a stake in its television unit BT Sport, the UK newspaper, The Telegraph has reported.

A British broadcaster is also involved in the discussions and potentially leading the bidding, the report said, citing City sources.

BT, the UK's biggest broadband and mobile operator, moved into sports broadcasting in 2012 when it won the rights to show a package of live Premier League soccer matches.

Its current package, which cost 885 million pounds, allows to show 32 matches for three seasons from 2019-20. It also has the rights to show Champions League soccer until 2024 under a three-year 1.2 billion pound deal.

The Premier League would in normal circumstances have auctioned the next packages of domestic rights by now, but the COVID-19 pandemic has disrupted the timetable.

The Telegraph reported that the Premier League is seeking government approval to roll over the current deals, which also included Amazon.

BT, under current CEO Philip Jansen, is focused on its plan to rollout fibre broadband to 20 million homes and businesses this decade.

BT Group declined to comment. Amazon and Disney did not respond immediately to a request for comment by journalists at our partner news agency, Reuters.

The team at Platform Executive hope you have enjoyed this news article. Automatic translation from English to a growing list of languages via Google AI Cloud Translation. Initial reporting via our official content partners at Thomson Reuters. Reporting by Anirudh Saligrama in Bengaluru and Paul Sandle in London. Editing by Leslie Adler and Alistair Bell.

You can stay on top of all the latest developments across the platform economy, find solutions to your key challenges and gain access to our problem-solving toolkit, proprietary databases and content sets by becoming a premium member of our growing community. For a limited time, subscription plans start from just $7 per month.

This news article was published by Platform Executive, the home of the platform economy.

If you enjoy the content then please post a link on your website, or share on social media to help us get the word out.



Britain’s BT Group in talks to divest stake in television unit posted first on https://www.platformexecutive.com/

Comments

Post a Comment

Popular posts from this blog

4 tips for bouncing back from a business hardship

Image
The full version of the article, along with thousands like it, can be found on the following page: 4 tips for bouncing back from a business hardship Hardships can affect even the most successful businesses. If you’ve recently suffered a major setback within your company, it’s okay to feel discouraged. While hardships can be tough, they shouldn’t stop you from bouncing back. If you’re ready to pull your business out of a rough patch, read on for four tips to help you get back on your feet! #1 GO BACK TO YOUR COMPANY'S ROOTS If your business has come this far, there’s bound to be something you’ve done right. Sometimes hardship comes when you’ve strayed away from your original concept. If you’ve been testing out some new ideas that seem to miss the mark, try going back to your first business model and rework a new plan from there. It’s important to remember where the heart of your company truly lies, and what sets you apart from rivals , such as: Your minimum viable product
Read more

The 6 best resources to learn about database management

The full version of this article, along with thousands like it, can be found here: The 6 best resources to learn about database management Database management is one of the most sought-after skills in the technology industry. Top companies such as Google and Amazon include it regularly in technical interviews. If you are new to database management or it’s been a while since you’ve practiced, you might want to brush up on your skills before your next job opportunity. […] This article was published by Platform Executive , the home of the platform economy. If you enjoy the content then please post a link on your website, or share on social media to help us get the word out. The 6 best resources to learn about database management posted first on https://www.platformexecutive.com/
Read more

Google, Facebook agreed to team up against possible antitrust action, draft lawsuit says

Image
The full version of the article, along with thousands like it, can be found on the following page: Google, Facebook agreed to team up against possible antitrust action, draft lawsuit says Facebook and Alphabet Inc's Google agreed to "cooperate and assist one another" in case of an investigation into their pact to work together in online advertising, the Wall Street Journal has reported. The WSJ report cited an unredacted version of a lawsuit filed by 10 countries against Google last week. The nations had accused Google of working with Facebook within an unlawful manner that violated antitrust law to improve its already-dominant online advertising business. According to the report, the lawsuit said that Google and Facebook were aware that their arrangement could trigger antitrust investigations and discussed how to cope with them. A Google spokesperson told the Journal that such agreements over antitrust threats are incredibly common. The unredacted draft edition
Read more