UK's Competition Regulator To Give BSkyB Reprieve -Report

Date : 05/20/2012 @ 8:01AM
Source : Dow Jones News
Stock : News Corp. - Class B (NWS)
Quote : 16.35  -0.05 (-0.30%) @ 5:07PM
News Corp. - Class B share price Chart

UK's Competition Regulator To Give BSkyB Reprieve -Report

Historical Stock Chart

5 Years : From Apr 2013 to Apr 2018

Click Here for more BSkyB Charts.

The U.K. competition regulator is expected to give British Sky Broadcasting Group PLC (BSY.LN) a reprieve in the local film market, as rivals such as Lovefilm and Netflix Inc. (NFLX) are undermining the pay-television operator's dominance and reducing the need to impose restrictions, according to the Mail on Sunday newspaper, without saying where it got its information.

U.S.-based Internet movie service firm Netflix began a long-awaited push into the U.K. and Ireland in January, pitting it against Lovefilm, a U.K.-based online-video rival that Inc. (AMZ) acquired in 2011. In response, Lovefilm cut its prices.

The Competition Commission is expected to publish its findings as early as this week, according to the report.

In its preliminary findings last year in August, the regulator said it was looking to change the way BSkyB operates its Sky Movies business to allow rivals such as Virgin Media Inc. (VMED) and BT Group PLC's (BT.A.LN) BT Vision to compete on a more equal footing.

The Competition Commission said at the time that would-be rivals were unable to bid successfully against BSkyB for the rights to show movies from all six major Hollywood studios in the first subscription pay-TV window because of BSkyB's large base of subscribers.

A spokesman from the regulator declined to comment on the report.

BSkyB counts News Corp.'s (NWS) as its biggest shareholder with a 39.1% stake. News Corp. also owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal.

Newspaper Web site:

-London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320

Latest NWS Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:30 V:us D:20180422 08:40:40