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Sky unit acquires stake in natural history content producer

Sky Studios, the production outfit owned by pay TV giant Sky Ltd., has acquired a 24.9% stake in True to Nature, a U.K.-based producer of high-end natural history content.

Under the deal, Sky Studios will provide support to beef up and expand TTN's operations. TTN and Sky Studios will also jointly develop content to be aired on Sky's various platforms.

TTN will retain full creative independence post completion of the deal, terms of which were not disclosed.

The deal marks the first investment by Sky Studios, in line with Sky's plans to double its investment in original programming to £1 billion over the next five years.

U.S. cable giant Comcast Corp. owns Sky.