SKT Sky Network Television Limited.

[mistaTea]

You're only allow one account on here MistaTea

https://media.tenor.com/images/497f5...f411/tenor.gif

[LaserEyeKiwi]

Vocus could be a good match. Wouldn't be surprised if they make a play once the Macquarie lead Vocus takeover is done and dusted in July. Who wouldn't want to takeover SKY when there are 4 years left of rugby rights at 100 mill a year, 20mill + property and say 10 mill valuation of rugby pass. Already looking at $430 million of value before even considering the massive customer base to extend Vocus' internet dominance in NZ.
Macquarie I don't think would be massive payers sadly, only a 25%ish premium was given to Vocus. Would be sad letting this go for around 22 cents (25% on 17 cents). At that range it would be a steal for 385 million NZD - 357 million AUD.

The rugby rights are an annual $100 million expense to Sky, so you shouldn't be using that figure for its worth as an asset (it is NZ rugby that receive $100 million per year as income for those rights). The rugby rights worth is the amount of customers that subscribe to sky because they have those rugby rights, and how much total profit margin those customers generate on an ongoing annual basis. It is of course not an easy thing to make an estimate of, and further due to the uncertainty of retaining the rights post 2025 you cant value those rights in the same way you can for content that a company retains rights to in perpetuity. It is much easier to assign a value to NZ rugby ownership of those rights, because they are the ones that own them.

[Ogg]

Discovery+ launch date in Australia

Reddit post: https://www.reddit.com/r/DiscoveryPlus/comments/ktyej5/australian_launch_date/

I emailed them and asked when it would be released in Australia. This was their reply

Hello Cameron

We are really happy to see your interest in our app. We have currently launched our app in India and US. We will be launching it in other locations in few years. Cheers, Richa from Team Discovery

I also read on a Facebook post, somebody said they get it free with Telstra TV. Which I don't think is legit, as it doesn't mention Discovery plus anywhere in the Telstra TV page.

"in few a years"

[Ogg]

"Properties will be market in April 2021"

---

[LaserEyeKiwi]

"Properties will be market in April 2021"

---

There are a few scenarios where the properties not being on the market as originally planned might be good news, with scenarios such as a interested buyer for the property already engaged in negotiations, or the more optimistic scenario where the company has paused the sale process while due diligence on Sky is being done by an "interested party"

[mistaTea]

There are a few scenarios where the properties not being on the market as originally planned might be good news, with scenarios such as a interested buyer for the property already engaged in negotiations, or the more optimistic scenario where the company has paused the sale process while due diligence on Sky is being done by an "interested party"

I think if it was the latter, Sky would need to make an announcement.

If discussions with a potential suitor had reached the point that they put a halt on a property sale (a sale which itself was made by announcement to the market) then they would have to say something I think.

Very strange that it is not listed though. Could be the first scenario - let's see what happens!

[mistaTea]

The rugby rights are an annual $100 million expense to Sky, so you shouldn't be using that figure for its worth as an asset (it is NZ rugby that receive $100 million per year as income for those rights). The rugby rights worth is the amount of customers that subscribe to sky because they have those rugby rights, and how much total profit margin those customers generate on an ongoing annual basis. It is of course not an easy thing to make an estimate of, and further due to the uncertainty of retaining the rights post 2025 you cant value those rights in the same way you can for content that a company retains rights to in perpetuity. It is much easier to assign a value to NZ rugby ownership of those rights, because they are the ones that own them.

Agree 100%. Sure, the rugby contract is 'worth $100M a year'... to NZR!!

A 'back of the envelope' way to try to work out what the rights are worth to Sky could be as follows.

Underlying Owner Earnings = $80M. Let's say 'sport' generates half of those Owner Earnings. So, $40M a year.

Let's say that Rugby is worth three quarters of those underlying earnings because rugby is the most popular sport and subscription numbers to Sky Sport would be savaged if Sky did not of the rugby.

Well, $40M * 0.75 = $30M/year.

If rugby only accounts for half of the sport-attributable underlying earnings, then $20M.

So you could say that the rugby contract is probably worth somewhere between $20M=$30M per year to Sky.

Loads of assumptions above...but it is just rough back of the envelope stuff.

[Ogg]

I think if it was the latter, Sky would need to make an announcement.

If discussions with a potential suitor had reached the point that they put a halt on a property sale (a sale which itself was made by announcement to the market) then they would have to say something I think.

Very strange that it is not listed though. Could be the first scenario - let's see what happens!

[Ogg]

Discovery NZ is only leasing. Owner of building looking to develop in future so they'll get the boot!

[mistaTea]

Discovery NZ is only leasing. Owner of building looking to develop in future so they'll get the boot!

If you are right. Vocus better get a move on!