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This article was written by

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and investment adviser representative with Mott Capital Management. Mr. Kramer is not affiliated with this company and does not serve on the board of any related company that issued this stock. All opinions and analyses presented by Michael Kramer in this analysis or market report are solely Michael Kramer’s views. Readers should not treat any opinion, viewpoint, or prediction expressed by Michael Kramer as a specific solicitation or recommendation to buy or sell a particular security or follow a particular strategy. Michael Kramer’s analyses are based upon information and independent research that he considers reliable, but neither Michael Kramer nor Mott Capital Management guarantees its completeness or accuracy, and it should not be relied upon as such. Michael Kramer is not under any obligation to update or correct any information presented in his analyses. Mr. Kramer’s statements, guidance, and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Michael Kramer nor Mott Capital Management guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this analysis may not be suitable for you. This material does not consider your particular investment objectives, financial situation, or needs and is not intended as a recommendation appropriate for you. You must make an independent decision regarding investments or strategies in this analysis. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Before acting on information in this analysis, you should consider whether it is suitable for your circumstances and strongly consider seeking advice from your own financial or investment adviser to determine the suitability of any investment.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Of course, at some point Sky could decommission some ITV shows – or renegotiate their contracts. You don’t take over another company without believing there are savings to be made (and some are pointing to synergies that could be made on the tech platform side, with ITVX and Sky’s streaming services potentially merged in the future).

Longer term, Frost believes users of both current streaming platforms ITVX and NOW can expect to see more “integrated services, for example, bundling titles in terms of genre instead of channel, as a natural way to cut production costs, and to cross-advertise”.

But when it comes to programmes, they won’t be able to make significant changes to those beloved shows until the supply deal comes to an end.

Producer Patrick Spence thinks the deal is “exciting”. He won a BAFTA for Mr Bates vs The Post Office which was a huge hit on ITV in 2024, with around 15 million tuning in. He’s currently producing Two Birds, a thriller starring Sheridan Smith for ITV.

He’s also made dramas for Sky and told me ITV and Sky “are very good bedfellows in many ways”.

“When they get behind a show, they really get behind it,” Spence says. “They want to make water cooler shows that bring audiences together.”

He believes the deal is a sign that the regularly predicted end of so-called linear TV is overplayed.

“We get told so often about the death of broadcast TV,” he adds. “For producers it’s said we’re looking at a cliff edge where the only places that will be left for us to sell our programmes will be the streamers, or some version of BBC, ITV, Channel 4 all joining together.

“What I take away from this deal as a producer and an audience member is that Sky must really like and believe in ITV to be only buying the network. They think there is a business to be grown and driven that uses the audience reach and loyalty that the ITV network has.”

Pantiles, seen on rooftops across Britain, have a distinctive curved shape.

The machine Oldroyd is using dates back to the 1920s. Some equipment on site is much older and the work is far from easy.

“The most challenging thing for me probably would be lifting the clay,” she says.

But she wouldn’t trade her job.

“I’m glad to be actually making history.

“When I think about this site and how old it is and we’re still carrying on this tradition and the fact that lots of the tiles, if not all of them, will be here for hundreds of years to come.”

The work Oldroyd and her co-workers do today is part of a tradition stretching back centuries.

Though clay roof tiles were introduced by the Romans, the English industry grew up in the eastern part of the country during the 12th century.

By the early 1700s, pantiles were being made, with East Yorkshire and Lincolnshire becoming major centres of production.

Today about a dozen old school firms survive across the UK, according to the Roof Tile Association. William Blyth, founded in 1840, is among them.

NEW YORK — The guest list at Taylor Swift and Travis Kelce’s July 3 wedding at Madison Square Garden has emerged as one of the most dazzling collections of celebrity, athletic, music industry and entertainment talent ever assembled in one building, confirming the event as the most star-studded wedding in modern American cultural memory.

Here is the most complete picture available of who attended, drawn from confirmed arrivals, photographic evidence and verified sourcing.

Entertainment and Acting

Actor and wedding officiant Adam Sandler arrived first for the ceremony and, according to TMZ, also performed an original song for the newlyweds. Director and producer Steven Spielberg attended the reception, as did former Disney CEO Bob Iger. Actor Bradley Cooper was photographed arriving alongside model Gigi Hadid. Hugh Grant and his wife Anna Eberstein were among the first international guests confirmed in photographs outside the venue. Actor Ethan Hawke, who appeared in Swift’s music video for her song “Fortnight,” was photographed entering the arena. Jason Sudeikis, the Ted Lasso creator and actor, also attended. Actress Dakota Johnson was spotted arriving. Actress and playwright Phoebe Waller-Bridge was among those seen in New York ahead of the event. Paul McCartney, who has been among Swift’s most prominent famous-friend relationships throughout her career, attended. Tom Hanks was among the industry heavyweights present, as was actress Anya Taylor-Joy. Actor Tom Cruise also attended the ceremony. Comedian Chris Rock was among those seen departing the tightly sealed event.

Music

Stevie Nicks, Swift’s longtime musical inspiration and friend, was confirmed by Good Morning America’s Robin Roberts to have performed at the reception, a moment Roberts described as “really intimate.” Ed Sheeran, who has co-written multiple Swift songs and appeared on her Eras Tour, was photographed at an upstate New York restaurant with fellow Swift collaborator Aaron Dessner before the event and was confirmed among the guests. Benson Boone attended. Jack Antonoff, Swift’s most frequent and closest creative collaborator across multiple album cycles, was among the first guests spotted at Thursday’s rehearsal dinner, where he arrived alongside his sister, fashion designer Rachel Antonoff. Singer Gwen Stefani attended. Jennifer Lopez, who has maintained a long-standing friendship with Swift, was confirmed among the guests. Singer and actress Camila Cabello attended. Producer and musician Mark Ronson was reported among guests.

Sports

Sportscaster Joe Buck and his wife, ESPN anchor Michelle Beisner-Buck, attended the ceremony. Soccer player and World Cup winner Abby Wambach attended alongside her wife, author Glennon Doyle. NFL Commissioner Roger Goodell was confirmed among the roughly 1,000 guests. Several Kansas City Chiefs players attended, consistent with pre-wedding reports placing NFL players at the nearby Marriott Marquis hotel throughout the holiday weekend. George Kittle, the San Francisco 49ers tight end and longtime friend of Kelce, had confirmed his invitation in the lead-up to the event, also noting that Swift and Kelce had told guests “absolutely no gifts.” Football star Tom Brady was spotted departing the event. Donna Kelce, Travis’s mother, arrived in New York on Thursday and went directly to Madison Square Garden.

Industry Executives

Disney Entertainment co-chair Dana Walden attended. Universal Music Group chairman Lucian Grainge, who oversees Swift’s label Republic Records, was confirmed as a guest, a presence that underscored the commercial and professional dimensions of Swift’s artistic relationships. AMC Theatres CEO Adam Aron attended and later shared a now-deleted post on social media describing what he saw inside the arena, providing the most detailed public account of the venue’s transformation. In that post, Aron described the arena as draped entirely in peach and white, unrecognizable as the sporting and concert venue it normally is.

Swift’s Close Personal Circle

Abigail Anderson Berard, Swift’s best friend since childhood and the subject of the song “Fifteen” from the Fearless album, attended Thursday’s rehearsal dinner and was confirmed among the guests. Selena Gomez, a member of Swift’s famous celebrity group from the mid-2010s era, was confirmed as attending. Zoë Kravitz was photographed arriving. The Haim sisters, Este, Danielle and Alana, who have been part of Swift’s inner circle for years and collaborated with her on multiple projects, were confirmed among the guests. Model Gigi Hadid, who attended alongside Bradley Cooper, is a longtime member of Swift’s social world. Karlie Kloss and her husband Joshua Kushner were photographed arriving. Reese Witherspoon, who has appeared on Swift’s social media and attended prior events with her, was confirmed among the guests. Lena Dunham was spotted at Thursday’s rehearsal dinner and was confirmed for the main event. Tim McGraw and Faith Hill, whose song “Tim McGraw” was the very first Taylor Swift single and who have maintained a warm relationship with her throughout her career, attended. Graham Norton, the British television host whom Swift personally invited on air during an appearance on his program, attended, having said she planned to invite him.

Television and Broader Media

Sacha Baron Cohen was photographed departing the event. Actor and director Edward Norton was reported as arriving in New York for the occasion. Former Disney co-chairman Dana Walden rounded out an executive contingent that reflected Swift’s position at the center of the global entertainment industry. Travis’s childhood best friend Aric Jones was confirmed on the guest list by People magazine, one of the few non-celebrity attendees to receive significant coverage given how thoroughly Swift’s professional circle dominated the confirmed invitees.

The dress code for the evening was black tie, with women in floor-length dresses and men in tuxedos with black bow ties. The couple had told guests no gifts were expected, though it was not confirmed whether all invitees honored that request. NDAs accompanied the digital invitations, which were issued with watermarking to prevent unauthorized distribution, explaining why photographic documentation from inside the venue remained extremely limited in the hours following the ceremony.