SKT Sky Network Television Limited.

[mistaTea]

A further thought...

Even after a massive frop in SP, NETFLIX is still valued at a whopping US$97B.

Warner-Discovery is valued at US$52B.

Given the changine landscape, I think Warner-Discovery is a better business than NETFLIX. They have a diversified revenue stream and will generate ~US$50B a year (Compared to NETFLIX ~US$30B).

Given the choice, what would you rather have? One NETFLIX...or Two Warner-Discovery? I know what I would pick!

I suspect NETFLIX has a fair way to drop before it becomes a bargain.

Better keep my eyes peeled!

[Rustycage]

WBD also prints $$$ (ie. FCF, FCF yield > 10%) and will use the cash to pay down the debt super quickly. Could give it the ability to buy PARA or take Universal/NBC off of Comcast in a few years time, which would continue to boost the IP library.
IIRC, AT&T indicated peak losses for streaming when they still held WB in 2022 or 2023. It’s def no Marvel, but I think that DC in new hands to give it a new life. I kinda see DC as a darker/more adult version of Marvel

Bullish WBD, looking to buy more
Maybe DIS too if it continues to drop

[mistaTea]

Spark Sport not throwing in the towel yet.

https://www.bloomberg.com/news/artic...ugby-world-cup.

Interesting that they did not include their pals at TVNZ in this deal though...

[snigmac]

I like how Sky are using their funds to purchase coverage that their research suggests will bring in more $. Too bad Spark don't have this research in hand XD.

[mistaTea]

Just recalled that the woman’s RWC tournament is part of the deal they inked in 2018.

https://www.nzx.com/announcements/316742

So this is a commitment they already made which they have to follow through with. The wording of that article was a bit misleading.

It is interesting though that they dumped TVNZ in favour of Warner discovery.

[snigmac]

Looks like the agreement was upto until 2021 for women's rugby only. So the new agreement would be required for 2022/2023.

[mistaTea]

Looks like the agreement was upto until 2021 for women's rugby only. So the new agreement would be required for 2022/2023.

No dude, it was just delayed due to Covid.

Spark are following through with the commitment they made back in 2018.

So that is not a big deal.

The only interesting thing is the WD deal instead of TVNZ.

[snigmac]

Ah yes, it does look like it was postponed.

[mistaTea]

Ah yes, it does look like it was postponed.

https://media2.giphy.com/media/SMg21Gvvob1sI/200.gif

[snigmac]

I wonder if any early news of the capital investment plan or plans to utilize capital will be provided in May. I think it would be a safe assumption that if nothing comes online for Sky to invest into, we will get a healthy capital return. So I guess... Win win either way?