Originally Posted by
KiwiBuffett
Not all us watch or care about rugby/cricket, I too jumped on the cable cutting bandwagon last year and cancelled Sky and just went with Netflix and Youtube Premium, however I found myself missing all the channels I use to watch on Sky like ESPN, Discovery, CNBC, MTV, TLC, Fox, Comedy Central, plus a few others.. so I just re-subscribed and got all that again for under $100 a month which is still a good deal relevant to the hours of entertainment/information i'll get.
The only thing I didn't get again was the movies package as I'll use Netflix for that, but other than Movies and potentially sport into the future, Sky is still the place for Kiwi's to get a lot more quality content, especially the baby boomers who will be watching a lot of TV as somebody else here mentioned, also most business/hotel contracts will continue. Streamers will continue to grow and have stolen market share no doubt and Sky has deserved to be re-priced downwards in recent years, but it's overdone imo and the streamers won't own 100% of the kiwi TV content market, so there will still be a place for SKY entertainment for many many more years into the future imo.
For the penny pinchers out there I understand it still looks overvalued vs cheap streaming services who will be increasing their prices over the coming years anyway, and for sports fanatics just using Sky for rugby/cricket I understand spark could be looking better into the future but at the end of the day I look what I spend on an average lunch/dinner out and then think what's an extra $100 per month for way more quality content choice compared to the limited library of dated content on streamers and low quality of youtube content.
I'm long SKT and picked up a few more shares today, excellent valuation here imo.