Sky Studios CEO Gary Davey to Step Down

Sky Studios CEO Gary Davey
Courtesy of Sky Studios

Sky Studios CEO Gary Davey

The executive, who will leave next summer, says the unit of Comcast-owned Sky "will become profitable" in 2021.

Sky Studios, the production arm of Comcast-owned European pay TV giant Sky said on Monday that its CEO Gary Davey would step down next year.

He will continue to lead the team until a new CEO is appointed and leave the company next summer.

"I wanted to let you know that I have decided to step down as CEO of Sky Studios in 2021," Davey wrote in an internal note seen by THR. "When we launched Sky Studios last June, I could not have dreamed where we would be right now. And I don’t just mean COVID. In 18 short months, we have created a strong, creative organization that has broken the mould of how studios businesses work in Europe."

He added: "We have produced ambitious, original series that are loved by our customers and viewers around the world. The fact that nine of the top 10 shows viewed on Sky in the U.K. this year are Sky Originals, speaks for itself. At the same time, this year we have delivered 29 series to 15 U.S. networks and platforms."

Davey noted that "not every show has been a ratings hit, but looking back, I have no regrets for any of our green-lights."

In his note, he also said that "next year Sky Studios will become profitable," noting that "the year after we will open the doors to Sky Studios Elstree, a huge, long-term investment in Sky’s original content ambition, enabling us to truly fulfill our potential as we look to more than double our investment by 2024."

Sky group CEO Jeremy Darroch in an internal note lauded Davey for "his long and distinguished career at Sky," saying: "He has uniquely worked across all of our markets, having led the successful launch of Sky Italia’s terrestrial TV network, cielo, in 2009 before joining Sky Deutschland as executive vp, programming in 2011. Gary returned to Sky U.K. in 2015 as managing director of content, transforming our push into bold, original programming, and in 2019 took on a new challenge as CEO of Sky Studios."