Discovery demands £1 billion from Sky TV in dispute over carriage agreement
London Jan 30:Discovery is demanding £1 billion ($1.25 billion) for its portfolio of channels in the U.K., according to pay-TV provider Sky, which is engaged in a dispute with the U.S. channels giant over the renewal of their carriage agreement.
“We have offered hundreds of millions of pounds to Discovery, a $12 billion American business, but that wasn’t enough. They asked the Sky Group to pay close to £1 billion for their portfolio of channels, many of which are in decline,” a Sky spokesperson told Broadcast.
More to follow.