American streaming service, part of Warner Bros. Discovery
Comcast has announced a tax-free spin-off that will separate NBCUniversal and Sky from its cable, broadband and wireless business. The move is intended to unlock value, reduce regulatory friction, and let each company pursue independent growth strategies. Executives say both halves will be better positioned to invest, partner and compete in a rapidly evolving media and telecom landscape.
Britain’s culture secretary has signalled she is minded to intervene on public interest grounds in the Warner Bros. Discovery and Paramount deal, potentially tasking Ofcom and CMA to investigate media plurality and competition. The government has until early July to respond, with any intervention triggering a formal review of up to 40 days.
UK fans will not paywall the Champions League final for the first time since 1992 as TNT Sports charges a monthly HBO Max subscription of £4.99 for access to the final and two other UEFA finals. Prime Minister Keir Starmer has pressed TNT to reconsider, citing fans’ access and affordability.
The U.S. Department of Justice has approved Paramount Skydance’s proposed acquisition of Warner Bros. Discovery after an eight‑month probe, concluding the merger is unlikely to harm competition in streaming, linear TV or theatrical film markets. The transaction still faces reviews by U.K. and EU regulators and possible lawsuits from state attorneys general.
Prime Day discounts have slashed prices on Apple Watch SE 3, Series 11, and Ultra 3. The SE 3 gains major upgrades, while the Series 11 and Ultra 3 offer advanced health features and outdoor durability. Deals vary by model, with continued price drops through the event.
Paramount has offered $31 per share to acquire Warner Bros. Discovery, amid a bidding war with Netflix and Comcast. Shareholders approved the deal, including a $7 billion breakup fee and the $2.8 billion Netflix termination fee. Regulators are reviewing the transaction, with the aim to close in the third quarter.