ITV Studios to be spun off as standalone listed company after Sky deal

Sky's £1.6B acquisition of ITV's networks business is expected to close around mid-2027. Once it does, ITV Studios will be spun off as a separately listed public company — a pure-play production business with no guaranteed parent-network commissions. CEO Carolyn McCall refused to comment on whether the studio will seek a buyer once independent. H1 2026 revenue was £912M ($1.2B), per Deadline.