Sky was supposed to do away with satellite TV delivery by now, testing its all-IP video model in Switzerland back in 2017, ahead of Sky’s streaming revolution spreading across Europe like wildfire. So why has the Comcast-owned operator just inked another landmark satellite capacity extension deal with SES in the UK and Republic of Ireland, running until 2028? A gross misjudgment has been made by Sky, that it could waltz into the streaming octagon unchallenged by technologies and market headwinds. Don’t get the wrong idea, for the transition to IP-based, set top-free viewing is well underway, as evidenced by last year’s release of the Sky Glass smart TV, among other streaming devices. Yet the realization by Sky that it requires…