Sky TV
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Sky says it will seek shareholder approval to enter a deal worth more than $235m with Sanzaar for post-2021 rights to All Blacks, Super Rugby and Mitre 10 Cup games. The approval, which will be sought at the pay-TV broadcaster's annual meeting on October 17, does not mean Sky has sealed a deal. Rather, it's laying more groundwork for a king-hit bid well above that mark - and fulfilling a legal requirement, given Sky's diminished status on the stockmarket. "This is the first time we've taken such a step, and it's due to our current market cap relative to the potential size of the deal," a Sky spokeswoman told the Herald. "At our current value, we need to seek shareholder approval for any deal worth over $235m - and, on that basis, even the existing deal would need approval if we were entering into it today."
The $235m price tag represents more than a quarter of Sky TV's $839m revenue for the 2018 financial year. Sky's various woes have seen it lose around 80 per cent of its market valuation over the past five years. Its shares were trading yesterday at $1.13, close to their all-time low, giving it a market cap of under $500m. Sky would not comment on the status of its negotiations, citing commercial confidentiality.
Earlier this month, the Herald reported that Sky had put a $400m offer on the table for the next five-year Sanzaar contract, representing a $10m per year increase on its current contract. At the time, the Herald understood that was not enough for NZ Rugby to take the possibility of split rights off the table (that is, Sky getting broadcast rights and Spark streaming/online rights). But after Spark's various Rugby World Cup wobbles, Sky might be loath to go higher, and Sanzaar and NZ Rugby more cautious about striking out in a new direction for season-long events. Sky shareholders will also be asked to vote on the acquisition of global streaming player RugbyPass in a deal worth up to $60m.
https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12272097
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I'll be pleased if it goes through.
My experience with Spark has been shit. I had to listen to most of the Ireland versing Japan match. If the video was there it was out of sync, or frozen. Freeze framing / rewind hopeless. Awful.
I'd suffer Justin's commentary to have Sky back.
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Media release (Sky and Netball NZ):
Netball NZ and Sky are thrilled to announce an extension to their agreement that deepens the partnership and helps grow the game at all levels. The strengthened partnership will deliver a rich suite of top tier netball for Sky Sport and Sky Sport Now customers, along with a commitment to continue delivering some key matches free-to-air. The agreement includes all Silver Ferns games and all domestic top tier events, including: • The Constellation Cup • ANZ Premiership matches • National netball league • National age group championship matches. Sky will deliver great netball to New Zealand fans across all platforms - broadcast over the satellite on Sky Sport 3 (the Home of Netball), streamed on Sky Go and Sky Sport Now, and free-to-air on Prime.
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So, in addition to Sky obtaining the exclusive coverage of all Investec Rugby Championship, Steinlager Series, Investec Super Rugby, Mitre 10 Cup and all New Zealand’s other domestic rugby competitions , they have now also obtained the rights to all domestic netball. I don't watch netball, but plenty of people do, so this is another great deal for Sky. Not sure what the existing agreement (that has now been extended) was; does this mean that Sky now has the rights to all netball?
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@Snowy But you'll have fibre by 2022.
Yeah, and a sealed road and Hill street intersection will be fixed, and a sewerage system and public transport...fcking 3rd world round here.
Shakes fist at sky (TB) to get back on topic.
This is the bit I don't get. People move into an area lacking infrastructure then complain about it's lack of infrastructure.
You're as bad as those that build houses next to airports then complain about the planes. -
@Snowy But you'll have fibre by 2022.
Yeah, and a sealed road and Hill street intersection will be fixed, and a sewerage system and public transport...fcking 3rd world round here.
Shakes fist at sky (TB) to get back on topic.
This is the bit I don't get. People move into an area lacking infrastructure then complain about it's lack of infrastructure.
You're as bad as those that build houses next to airports then complain about the planes.No. The complaint is that I pay rates the same as everybody else that get all of the services. Completely different. I pay the same for my shit internet, I pay the same as people that have town supply water, a sewerage system, sealed roads, rubbish collection, etc. Yes I knew about it but it isn't a like for like comparison. With what I get my rates should be free!
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@Snowy But you'll have fibre by 2022.
Yeah, and a sealed road and Hill street intersection will be fixed, and a sewerage system and public transport...fcking 3rd world round here.
Shakes fist at sky (TB) to get back on topic.
This is the bit I don't get. People move into an area lacking infrastructure then complain about it's lack of infrastructure.
You're as bad as those that build houses next to airports then complain about the planes.No. The complaint is that I pay rates the same as everybody else that get all of the services. Completely different. I pay the same for my shit internet, I pay the same as people that have town supply water, a sewerage system, sealed roads, rubbish collection, etc. Yes I knew about it but it isn't a like for like comparison. With what I get my rates should be free!
Point remains. You know when you move somewhere what the infrastructure and costs are. That's your decision to make.
If you decide that the trade off between purchase price or location compensate for the services you don't get (but still pay for) then stop complaining.
You could reverse this and say that lots of people would love to live away from suburbia but given their situation and schooling/ transport/roading/rubbish etc etc have decided that the trade off doesn't work for them.
You chose your cake.
There is also the argument that to deliver top quality services to some properties costs 10 or 20 times what it does to others and you are expecting them to subsidise you (exactly what you are complain about that you currently subsidise them). The balance has to be found somewhere.
For the record though, where public services such as rates are involved I would expect a different charging structure for different service levels as well. Most councils (I know ours does) will have structures that differ. -
I'll add to that that the power goes off at least once a week and I am going to have to buy a generator. I pay the same for power as everybody else but don't have a reliable supply.
Starting to see the difference?
I see that you chose to live in a marginal area.
I assume there are reasons for that? -
@Crucial It doesn't make it equitable. If you get shit service you shouldn't have to pay for it.
But you know that there are some things that aren't equitable in their charging structure. No one ever promised otherwise.
Still you made the choice to follow that route.
You do have options in some cases but usually it is areas on the margins such as new developments that are just away from established areas that cop the worst of all worlds.
I would never buy in them unless there was a big compensatory upside.
All the downsides are plain to see beforehand. -
@Crucial Change the rating system would be a start and not base it on land value. It is an expensive area and rural. Rates should be service related not land value. That is the point of the complaint.
Just because you know about something doesn't make it an equitable system.
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Out of interest how do you initiate change to a more fair system if nobody does anything and says "that's the way it is"?
Of course no, but you are tilting at the wrong windmill if you think that companies (go for broke regarding rates, you get a vote) will create pricing structures that suit you rather than them.
If you can get Fibre then you have no problem (and the govt does do it's part in making most developments provide infrastructure in new areas), Fibre is Fibre and you get what you pay for.
If relying on copper infrastructure then speeds and services are so variable that it would be near impossible for sips to create pricing based on gained speed as that speed changes during times of day and even using an average would suit some people more than others in the equity stakes.
That's why pricing is based on bands.I very much agree with you regarding rates and you have avenues to initiate change but the fact remains that services such as internet are not a right, are provided by commercial entities and you have a choice whether to pay for what you get or find an alternative.
Where we are lucky in NZ is that the govt have prescribed that good service should be available to as many as practical and 85% on Fibre is pretty damn good. RBI wireless coverage to others and where demand and supply don't meet leave it to the markets to fill the gap (i.e. satellite etc). What it boils down to is that you make a choice to be part of that 15% and what it may or may not bring. If you don't think you get value for money then stop paying them. -
@Crucial Agreed about the internet and commercial entities and I'm happy to pay - if I can get the service, but I can't. Infrastructure isn't just commercial and TBF the government (at least the previous one was) doing it's bit.
Your initial premise that I shouldn't have moved here and was akin to buying at the end of a runway is flat out wrong. I can change things here by being a squeaky gate, voting accordingly, lobbying for some better services or a rates system that works. I am unlikely to be able to shut down an airport.
And yes @dogmeat