Coronation Street could receive a major boost if Sky completes its proposed takeover of ITV’s broadcasting business. As the multi-billion-pound deal moves closer, Sky has reportedly committed to spending £2 billion on ITV Studios over the next five years, a move that could help secure the long-term future of the soap along with several other flagship ITV shows.
Sky’s ITV Deal Could Bring Stability For Coronation Street
Sky has been in talks for months to buy ITV’s media and entertainment division. The proposed £1.6 billion deal includes ITV’s free-to-air television channels and its ITVX streaming platform, with reports suggesting an announcement could come as early as July.
Although the takeover covers ITV’s broadcasting business, ITV Studios will not be included in the sale. Instead, the production company will continue operating as an independent business listed on the London Stock Exchange. That is important because ITV Studios produces Coronation Street, alongside Emmerdale, Love Island, I’m a Celebrity… Get Me Out of Here!, and the award-winning drama Mr Bates vs the Post Office.
ITV Studios remains one of the company’s biggest strengths. It generated more than half of ITV’s £4.1 billion revenue in 2025. That made it a key part of the broadcaster’s overall business.
£2 Billion Commitment Could Help Secure The Soap’s Future
As part of the proposed arrangement, Sky has reportedly agreed to spend £2 billion on ITV Studios over the next five years. According to a source, the money is not new investment. In fact, it’s a continuation of Sky’s existing commercial agreement with the production company.
Even so, the commitment is expected to give ITV Studios greater financial stability. It provides reassurance for long-running productions, including Coronation Street and Emmerdale. Sky already has a long-standing partnership with ITV Studios and regularly commissions programmes from the company.
The wider agreement is also expected to see ITV Studios buy Love Productions, the company behind The Great British Bake Off, from Sky as part of the restructuring linked to the takeover.
While the reported spending pledge is positive news for Coronation Street and other ITV productions, the proposed takeover is still expected to face close examination from UK regulators. Analysts have also warned that combining the businesses could lead to significant job losses as duplicate roles are removed. Stay tuned to Soap Opera Daily for more Coronation Street spoilers and behind-the-scenes updates.