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Crisis averted! After a very public feud which saw Discovery threatening to pull all 13 of its channels from Sky and Now TV, the two companies have reached an agreement. Discovery's entire portfolio of channels – including TLC and Eurosport – will remain accessible to Sky viewers. Phew.

Discovery threatened the boycott because it claimed Sky wasn't offering it a fair deal. In return, Sky claimed it had been overpaying for Discovery for years, and would not any more.

Discovery ran a campaign asking its fans to petition Sky in order to secure a better deal. Susanna Dinnage, managing director of Discovery Networks UK, is claiming this as a victory.

"We want to thank our millions of viewers and fans for their overwhelming support over the last few days," she said in a statement. "We have been humbled by the strength of the passion people feel for all our brands, including Discovery Channel, Eurosport, TLC, Animal Planet and Investigation Discovery.

"We have reached a new agreement that guarantees Sky's customers access to Discovery's wide range of channels and programmes for years to come. Our fans' voices were heard loud and clear. They want choice and great TV and I cannot stress how much we love them for their support."

There's no mention of how much Sky paid for Discovery's channels. Discovery was reportedly asking for close to £1 billion, while Sky said its offer of "hundreds of millions of pounds" had been rejected. However, a Discovery spokesperson did add: "The deal we reached with Sky is meaningfully better than our former agreement and their proposal. Furthermore, our new arrangement enables us to control our destiny in more ways, with even more opportunities to invest and launch channels and consumer services. Stay tuned in the coming weeks."

Sky posted a statement on its website, which reads: "Great news, we can confirm that Sky will continue to carry the Discovery and Eurosport channels." It also announced a deal with PBS America to bring thousands of hours of factual programming to Sky's on-demand service from channels like History and National Geographic.

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