Mansha Daswani

The European Parliament voted to approve new rules for audiovisual media services, including the requirement that 30 percent of content on VOD services originate from the region.

MTG has increased its interest in leading eSports company Turtle Entertainment to 82.48 percent for 14.3 million euros ($16.6 million) in cash.

21st Century Fox is selling its 39-percent stake in Sky to Comcast Corporation for £11.6 billion ($15.3 billion).

Comcast Corporation has outbid 21st Century Fox to take control of Sky, valuing the company at $39 billion.

The Commercial Broadcasters Association (COBA), representing companies such as Discovery, AMC Networks, NBCUniversal and Fox Networks Group in the U.K., has criticized the government's White Paper on Brexit, arguing that it "offers little clarity" for their operations.

The BBC faces significant challenges from competitors and ongoing financial pressures, the pubcaster said in its 2017-18 annual report, while also touting the performance of BBC Studios, which delivered a profit in its first year as a commercial subsidiary.

The British government has cleared 21st Century Fox's bid to take full control of Sky as the European pay-TV giant mulls a rival bid from Comcast Corporation.

Comcast Corporation has upped its bid to acquire Sky, offering £14.75 per share, for a total value of $34 billion.

21st Century Fox has increased its offering price for the shares in Sky it does not already own, topping the rival bid by Comcast Corporation.

Telefónica has made another significant addition to its Spanish sports portfolio, inking a deal with Mediapro for the UEFA Champions League and the UEFA Europa League for three seasons from 2018 to 2021.