I've done some more digging...
Two years ago there was a rumor going around that Universal was going to buy Sky NZ. See this article here:
https://www.nzherald.co.nz/business/...W63GBGPU5MHTY/
What's interesting is that the timing aligns perfectly as Sky's AGM is "looming" next Tuesday. Therefore, it is possible Universal (Comcast) may have been kicking the tyres of Sky NZ recently. Perhaps they took a good look at the end of year results and are now in a position to make an offer.
It seems like the latest trends in the industry is to release movies straight to streaming. The success of Mulan on Disney+ was a watershed moment. The largest cinema chain in the UK has recently closed it's doors as the new Bond movie was pushed back to a 2022 release. The focus for distributors is all about streaming. The Universal movie "Trolls" was released direct to streaming this year. It appears Universal wants to continue doing this going forward. See here:
https://www.mic.com/p/universal-pict...issed-22859120
So, it seems plausible that Comcast maybe interested in acquiring Sky, not only for Neon customers but also because they can release content through the new set top box when it gets upgraded in the near future. The integration into Sky UK would also make it seamless.
Here's the newly created UNIVERSAL PICTURES INTERNATIONAL NEW ZEALAND LIMITED
constitution:
https://app.companiesoffice.govt.nz/...0755CEBF4716E0
Directors Duties: Each director must act in a manner which he or she believes is the best interest of the company's holding company even though it may not be in the best interest of the company.
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There are 3 very likely buyers for Sky NZ:
-Comcast
-Discovery
-Infratil
So far no one has come forward to dip their toes and Sky's shareprice continues to be in the dumps.
I'm hoping for a Trademe like auction; whereby no one bids until the very last minute and all of a sudden the price goes bonkers!
(disclosure: the above is all lies)