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Thread: So .. Sky Aquires VMTv

  1. #1
    Full Member spennny's Avatar
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    Default So .. Sky Aquires VMTv

    Bring on the sky sports HD and numerous other channels

    Anyone want the £33.50 deal now for all V+ HD, BB, Phone unlimited ((53.50 when taken withe sports channels)

    BskyB and Virgin Media Reach Agreements on Sale of VMtv and Channel Distribution

    LONDON, Jun 04, 2010 (BUSINESS WIRE) --British Sky Broadcasting (Sky; LSE:BSY) and Virgin Media (NASDAQ:VMED)(LSE:VMED) today announced that they have reached agreement for the acquisition by Sky of Virgin Media Television (VMtv). The companies have, in parallel, agreed to enter into a number of agreements providing for the carriage of certain Sky standard and high-definition (HD) channels.

    The agreements cover the following:

    * Sky will acquire VMtv for a total consideration of up to £160 million in [COLOR=blue! important][COLOR=blue! important]cash[/COLOR][/COLOR], with £105 million paid on completion and the remainder paid following the regulatory process. The acquisition will expand Sky's portfolio of basic pay TV channels and eliminate the carriage fees it currently pays for distributing VMtv channels on its TV services.
    * Sky will assume responsibility for selling advertising for the newly acquired VMtv channels from January 2011.
    * New carriage agreements will secure wholesale distribution of Sky's basic channel line-up, including Sky1 and Sky Arts, and the newly acquired VMtv channels, on Virgin Media's cable TV service.
    * For an incremental [COLOR=blue! important][COLOR=blue! important]wholesale[/COLOR][/COLOR] fee, Virgin Media will, for the first time, have the option of carrying any of Sky's basic HD channels, Sky Sports HD 1 and Sky Sports HD 2, and all Sky Movies HD channels.
    * Virgin Media will make available through its on-demand TV service a range of content from Sky's basic and premium channels, including the newly acquired VMtv channels. Virgin Media will also have access to red button interactive sports coverage and the opportunity to deliver selected standard definition [COLOR=blue! important][COLOR=blue! important]programming[/COLOR][/COLOR] over the internet.

    Completion of the agreements is conditional on obtaining merger control clearance in the Republic of Ireland.

    Jeremy Darroch, CEO, BSkyB, said: "VMtv is an attractive investment opportunity which complements our existing content [COLOR=blue! important][COLOR=blue! important]business[/COLOR][/COLOR] and delivers strategic and financial benefits. We are pleased that, through commercial negotiation, we have been able to ensure wide distribution of our channels to a growing pay TV universe."

    Neil Berkett, CEO, Virgin Media, said: "The sale of our channels business has generated substantial value. Together with the new commercial agreements we've announced today, it will allow us to focus more closely on our strategy of exploiting Virgin Media's super-fast connectivity to offer our customers a range of the very best content through a highly versatile next generation entertainment application."

    Additional information:

    The acquisition of VMtv involves Sky acquiring LIVING, LIVINGit, Challenge, Challenge Jackpot, Bravo, Bravo 2 and Virgin1. Sky will not license the Virgin brand and will announce the new channel brand for Virgin1 in due [COLOR=blue! important][COLOR=blue! important]course[/COLOR][/COLOR].

    SOURCE: Virgin Media So sky basic Hd channels movie channels and sports 1 & 2 HD + interactive services coming to Virgin media.

    Funny how this happens when nagra 3 is rolled out eh. Coincidence I think not.

  2. #2
    Regular Member bobby-tupper's Avatar
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    is your job safe sick boy?

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    Full Member spennny's Avatar
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    Quote Originally Posted by bobby-tupper View Post
    is your job safe sick boy?
    Yeah am safe, (famous last words)
    Am more your access, business installs man

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    Regular Member AntB's Avatar
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    Good news for VM customers, I guess. I have a V+ and the VIP pack and it's sorely missing the movies & sport HD channels. The question is, how much extra am I going to get charged for the privilege?

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    Full Member spennny's Avatar
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    Quote Originally Posted by AntB View Post
    Good news for VM customers, I guess. I have a V+ and the VIP pack and it's sorely missing the movies & sport HD channels. The question is, how much extra am I going to get charged for the privilege?
    Do you also have the phone line mate ??

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    Regular Member m8internet's Avatar
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    As far as I can work out, this will not affect existing customers of either SKY or Virgin Media

    It is just simply that Virgin Media have sold off the TV channels to SKY

    Ironically, Virgin 1 was setup after SKY 1 was pulled a few years ago

    Personally the big winner are customers of Virgin Media, as they "gain" the HD channels
    However, no doubt these will be premium priced
    SKY win, but this is hidden as revenue advertising from the channels

  7. #7
    Regular Member AntB's Avatar
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    Quote Originally Posted by spennny View Post
    Do you also have the phone line mate ??
    Yeah, 'phone, V+ and another standard box, XL tv plus movies & sports and 20Mb BB. Any chance of a discount?

  8. #8
    Full Member spennny's Avatar
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    Quote Originally Posted by AntB View Post
    Yeah, 'phone, V+ and another standard box, XL tv plus movies & sports and 20Mb BB. Any chance of a discount?
    Damn

    Would love to mate but you already have all 3 products, if you had 2 i could have uograded you for the grand total off £33.50 pm all in

    Or if you were a new customer also , sorry

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    Regular Member yorkshireborn's Avatar
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    Quote Originally Posted by m8internet View Post
    As far as I can work out, this will not affect existing customers of either SKY or Virgin Media

    It is just simply that Virgin Media have sold off the TV channels to SKY

    Ironically, Virgin 1 was setup after SKY 1 was pulled a few years ago

    Personally the big winner are customers of Virgin Media, as they "gain" the HD channels
    However, no doubt these will be premium priced
    SKY win, but this is hidden as revenue advertising from the channels
    on virgin u got HD channels for free on sky u get charged £10 a month extra

    can't see how vm customers are on a winner.

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    Regular Member bobby-tupper's Avatar
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    Quote Originally Posted by spennny View Post
    Yeah am safe, (famous last words)
    Am more your access, business installs man
    you never know then mate you might get a pay rise.

    whats with the avatar?

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