It will be the new home for all of the various subsidiaries that they have the rights to in Europe.

SkyShowtime is set to launch in Europe later this month, which will be a brand new streaming service under the Sky umbrella.

The service will include all Sky, Universal, Peacock, Paramount+, Paramount Pictures, Showtime, Nickelodeon and Dreamworks titles, including brand new cinematic and TV releases such as 'Top Gun: Maverick', 'Minions: The Rise of Gru', 'Yellowstone' and 'Star Trek: Strange New Worlds'.

SkyShowtime won't be launching in Ireland and the UK just yet, as the first countries to trial the service will be Denmark, Finland, Norway and Sweden on September 20. Netherlands, Iberia, and Central and Eastern Europe (including us) will follow either later this year or at the beginning of 2023. The service will cost €6.99 per month in Finland.

The news will certainly pique interest from those who wish to have more of their favourite TV shows and films all in one place - and not have to subscribe to various other streaming services or TV packages. Interestingly, SkyShowtime will replace Paramount+ in the Nordics, while Paramount+ is here to stay in Ireland and the UK. The service launched in Europe earlier this year, but is free for all Sky Cinema customers.

Expect to hear more concrete details about SkyShowtime in the coming months, and what it means for Irish streamers. Sky already has another streaming service under its belt, NOW, so its unclear what this means for that service going forward. Perhaps both will be available simultaneously, offering different content? We'll have to wait and see.

The service looks like direct competition for Disney+, which has Marvel, Star Wars, Disney, Pixar, National Geographic and Star under its banner.

Brand new cinema releases included in the deal are 'Jurassic World Dominion', 'The Northman', 'Sing 2', 'The Lost City', 'Downton Abbey: A New Era' and Jordan Peele's 'Nope'. TV releases include 'Halo', 'Yellowjackets', 'American Gigolo', 'Pitch Perfect: Bumper in Berlin' and 'Let the Right One In'.