SKY Sky

LONDON--Sky PLC (SKY.LN) said Monday it has invested $4 million in Elemental Technologies, a U.S.-based software company specializing in multiscreen video delivery.

Elemental is a video processing firm, providing software that enables broadcasters and pay TV operators to stream live and on-demand content to laptops, tablets, smart phones and TVs. This helps companies like Sky to create an even better and more reliable experience for customers watching content flexibly, on internet-connected devices.

Sky's biggest shareholder is 21st Century Fox with a 39.1% stake. 21st Century Fox was until late June part of the same company as Wall Street Journal and Dow Jones Newswires owner News Corp.

-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

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