Originally Posted by
Ogg
Dunno. It's either super negative or super positive.
Seems to have worked out well for Mediaworks tho.
Once Discovery gets ComCom approval for Mediaworks TV, and also Sky gets ComCom approval for the NEP sale. You would have to think the two would get together and discuss the future of their partnership. In it's current form it's not exactly optimal for either party as Discovery are basically getting less for their content under a reseller agreement. Sky would also have a more difficult time if another serious competitor entered the market.
Discovery have issued billions in 35 year USD debt at less than 3% interest. Sky has a market cap of only USD $175m. Discovery have been on a buying spree for years. It doesn't take a genius to join the dots. Does Discovery want to acquire 1m paying TV customers in NZ or try and get them all organically?
I really don't know anymore. I'm in big on this - 1,437,304 shares. If Sky sinks, I'm going down with the ship. Happy to watch it all implode if Discovery does try and take on Sky directly. Good luck to them. Just one word of advice to them, NZ are fickle consumers, they don't like change. Try and convince a 55 year old to switch out their SKY TV box for a newly American owned one - easier to push sh*t up hill.