Some shenanigans going on with the Discovery share price. Might delay them a wee bit ?
https://nz.finance.yahoo.com/quote/D....tsrc=fin-srch
https://nz.finance.yahoo.com/news/ar...093244916.html
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Some shenanigans going on with the Discovery share price. Might delay them a wee bit ?
https://nz.finance.yahoo.com/quote/D....tsrc=fin-srch
https://nz.finance.yahoo.com/news/ar...093244916.html
https://www.stuff.co.nz/sport/rugby/...an-be-salvaged
I expect a report on this by 2:30pm MisaTea!
I'm a little confused with Silver Lake and their deal with NZR. Overall what impact could this have with Sky both positive and negative? The sporting world is confusing and yet I am a Sky holder lol.
I thought the deal was effectively a piece of the commercial arm of NZR. So next time that sky bids for the NZR broadcast rights, it will be from this entity that SL will own 15% of. (it would also mean that if SL itself, or a partner of it, wants to bid for the broadcast rights, it will effectively get a 15% discount on any offer)
Ah yes, that is correct.
SL will want to maximise their return on investment. But NZRU also want to maximise their return (with or without a new business partner). So I am not sure anything changes there.
If a future deal with Sky/RugbyPass maximises the ROI (and also ensure maximum viewership, particularly in NZ where the Provincial areas for a huge base of fans) then this move is no threat to Sky.
If cutting Sky/RP out maximises ROI, and 'everyone' is streaming (or has the capability to stream) then it could well be the end of the road for Sky. Or if Spark Sport is still around and they make an offer that can't be refused, same result.
At this junction I think it is hard to know whether SL buying in is good, bad or indifferent. Time will tell.
If the current RP deals are successful it will be a big tick in the box for Sky though. This platform has a huge amount of potential, and if Sky is able to nurture the product it could change everything for Sky in terms of how big they could become.
To celebrate the repayment of the $100M bonds I put in an order for another 60K shares...