Ofcom's Media Nations report reveals that about half of U.K. homes subscribe to streaming services, while traditional television still dominates viewing time.

Digital advertising and gains at Red Arrow Studios and NuCom Group contributed to a 4-percent bump in second-quarter revenues at ProSiebenSat.1 Media to €947 million ($1.1 billion).

Group external revenues at ITV plc fell by 7 percent in the first half to £1.5 billion ($1.8 billion) as the company faces an "uncertain" economic and political climate.

ITV and BBC have finalized their plans to launch BritBox in the U.K., with the platform going live in the fourth quarter priced at £5.99 ($7.50) per month.

Sky channels, including Sky Cinema and Sky Sports, will continue to be available on Virgin Media platforms following the signing of a new multiyear partnership between the companies.

ITV Studios has increased its ownership stake in Monumental Television from 26 percent to 51 percent.

In the first full financial year since the merger with BBC Worldwide, BBC Studios has delivered record returns of £243 million ($307 million) to the BBC, up from £210 million ($265 million) the previous year.

STV Productions has picked up a majority stake in unscripted producer Primal Media from Lionsgate as part of its efforts to accelerate its content-creation business.

Netflix CEO Reed Hastings will be among the keynote speakers at the Royal Television Society's (RTS) Cambridge Convention this year, which runs from September 18 to 20.

Four projects received awards at the third edition of Conecta FICTION, which wrapped this week in Pamplona.