Yet another PR nightmare for Sky TV with a commercial played after the Haka backfiring bigtime.
Printable View
Yet another PR nightmare for Sky TV with a commercial played after the Haka backfiring bigtime.
Fanpass worked like a dream last night, watched the Lions/AB's game (brilliant) and America's Cup, flawless delivery. So sad that I had to buy a whole month $100 and they have the sneaky roll over so if I don't cancel, it's another $100. In this case there's a few more games to come so one more month sub works, but mostly it won't. Anyway, I have to say Fanpass is rock solid but their subscription model sucks and I hate them for that. I want to buy one game, or a day or a week maybe, but these aren't options anymore and SKY have just lost the ****ing plot by withdrawing them. Idiots, they can't see the internet woods for the trees.
SKY and Vodafone terminate their sale & purchase agreement
8:50am, 26 Jun 2017 | GENERAL
Further to the announcement of 1 March 2017, Sky Network Television Limited (“SKY”) (NZX: SKT; ASX: SKT) and Vodafone Europe B.V. , a wholly owned subsidiary of Vodafone Group Plc, have now decided to terminate the sale and purchase agreement (“SPA”) in relation to the proposed merger of SKY and Vodafone New Zealand.
The parties have also decided to withdraw the appeal of the Commerce Commission decision regarding the proposed merger.
SKY and Vodafone New Zealand will continue to work together to strengthen our commercial relationship for the benefit of the customers and the shareholders of our respective organisations.
under $3 soon i reckon
It might be a bargain at some point... and that point may be below $2
Sky cancelled hand back on the weekend :) $65 richer now per month and to top it off just got netflix free so all my tv is now free gee feels like a leap back in time lol.
Adapt or die. Netflix has come out with a record number of subscribers beating all market expectations even the highest ones. 13% gain in share price in a single day.
Sky still has time to change their model and move into stability instead of free falling. The way management are running this company though it doesn't sound like it will get to that point. Case in point, the changes to Fanpass might help improve profits and revenue in the short term due to the Lions tour but it really hurts their brand long term. People recognise it straight away that they are being gouged especially as deliberate as Sky did it. Spark was able to identify shifts in the market very early on and the negative connotations its name and product had under "Telecom" and "Xtra" but they were able to change things before it was too late.
I wouldn't hold my breath with Sky.
Insightful comments, completely agree!
I think they will get there eventually, they still make a chunk of cash.
On 940mill revenue they made NPAT of 140mil,
Netflix did 181mil from 8.8Billion,
I good acquisition will get their numbers up again, I think if Sky can start negotiating global rights on content then they have a potential to do well.
SKY TV hit that sort of margin because of the set top box model at $99/mo... which is not the way forward.
They need to really up the anti on NEON... 99% of my watch list is HBO - I do pay $20 a month and I am "content" with what I am getting.
Sports has to be broken away from the current packages, people ( me included ) would pay 30-50 dollars a month for sports.
I am picking they will continue to bleed the high margin model they have now until it hits some sort of equilibrium in the market.
Gain a large cash base to acquire some key content to help ramp up after a pivot down a new avenue.
Yes I totally agree! The STB model is over and they will still continue to milk that cow until the last few drops are left. What I am saying is that it's not going to be a massive change for Sky with regard to how the will get the content out, they have the platforms to stream the content and all they will need to close one tap and open the other. With big pockets it's going to need some other revenue stream to make up for the lower revenue though. Neon, SkyGo, FanPass etc etc isnt going to generate that $99/mo you are referring to in my opinion and they will acquire something, they would be crazy not to.
Bad day for sky a major s/h selling down
https://www.nzx.com/companies/SKT/announcements/304492
bad press today
https://www.stuff.co.nz/business/950...wing-nightmare
and the chart technicals are terrible guess my call of under 3 is coming