Sky Begins to Embrace a Multi-Channel Model in the Face of Streaming Competition
The challenges facing Martin Stewart, the incoming chief executive officer of Sky Network Television, are considerable. He will be taking control of a company whose monopoly position in the New Zealand traditional pay-television space has been punctured by the increasing popularity of broadband-enabled, a la carte digital streaming services. It is a structural headwind that has seen Sky's EBITDA decline from a peak of NZD 380 million in fiscal 2015 to NZD 286 million in fiscal 2018, a fall that ...SKY Television and its subsidiaries operate as a provider of multi-channel pay television and free-to air services in New Zealand across a range of platforms and to various devices. Co. and its subsidiaries have a portfolio of content encompassing entertainment, sports, movies, news and others. As of June 30 2015, Co. and its subsidiaries broadcasted a total of 121 channels, which comprised of 46 basic channels, 12 sports channels, five specialist channels, nine movie channels, 12 free-to-air channels, eight radio channels, 14 audio music channels, one pay-per-view (PPV) event channel, 11 PPV movie channels, and three PPV adult channels.
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