Latest news with #SkyTV
NZ Herald
3 hours ago
- Business
- NZ Herald
New Zealand sharemarket dips as F&P Healthcare, Infratil shares fall
New Zealand's largest stock, Fisher & Paykel Healthcare, fell for a second day after it hosted an investor day in Melbourne, although Goodson said there was no real news for Kiwi investors. F&P shares fell 28c to $36.41, after 328,025 shares changed hands, worth $11,918,976.27. Meanwhile, Infratil shares fell 2.45% to $11.17. 'The other key name in the index was down. In the Australian close last night Infratil entered the ASX 200 index, so buying in anticipation of that may now be absent and that could perhaps explain that decline,' Goodson said. Elsewhere, Sky TV continued its positive momentum following the news it had agreed to purchase TV3 for $1 on a cash-free, debt-free basis. Today, analysts at fund manager Octagon said the business will be worth 35c per share to its new owner – or just over $48m. Sky TV's share price climbed 6c to $3.12. 'It's hardly operating in growth markets. By bolting on a business like that and hopefully extracting some cost and revenue synergies in the future, they may be able to stem some of the structural pressures that they face,' Goodson said. He also pointed out the Colonial Motor Company, one of New Zealand's longest-listed companies. It had $125,212.55 worth of shares trade on light volume. The business, which owns a number of Ford dealerships and franchises around the country, released a guidance upgrade to its second-half results, saying it is shaping to contribute to a more positive outcome for the full-year trading profit after tax than was anticipated in February. 'It's not a reflection of the overall economic environment, rather pockets of the wider vehicle market. I think it's pointing to what's becoming fairly clear in this economy, which is that large parts of the rural sector are having a pretty good year or two, but that's yet filtering through to town,' Goodson said. Global markets The Nasdaq retreated from a record Tuesday on a mixed day for stocks as markets looked ahead to upcoming earnings reports from Google parent Alphabet and Tesla. The two reports on Wednesday are the first of Wall Street's 'Magnificent Seven' equities to report this season. The group was mixed, with drops in Nvidia and other semiconductor equities consistent with profit-taking after earlier gains, analysts said. The tech-rich Nasdaq fell 0.4% to 20,892.69, snapping a six-day streak of record high finishes. But the broad-based S&P 500 edged up 0.1% to 6309.62, finishing at a record, while the Dow Jones Industrial Average climbed 0.4% to 44,502.44. Art Hogan of B. Riley Wealth Management described the market as in a 'wait-and-see' mode ahead of earnings from the most influential equities. – Additional reporting AFP Tom Raynel is a multimedia business journalist for the Herald, covering small business, retail and tourism.
Daily Mail
7 hours ago
- Business
- Daily Mail
Industry shock as free-to-air network is sold for just $1
In a major shake-up of New Zealand 's media landscape, Sky TV will buy Warner Brothers Discovery (WBD)'s free-to-air network for just one dollar. The announcement was made to the New Zealand stock exchange on Tuesday. Sky TV, which operates a pay-to-view service similar to Foxtel in New Zealand, will acquire all of WBD's television channels, including Three (formerly TV3), Bravo, Eden, Rush, HGTV, and BVOD catch-up service ThreeNow. Sky announced it had 'agreed to acquire 100% of the shares in Discovery NZ Limited from Discovery Networks Asia-Pacific Pte Ltd (a subsidiary of Warner Bros Discovery, Inc)' for $1 on a cash-free, debt-free basis. The shocking news comes five years after Discovery purchased Three from MediaWorks in 2020 for a rumoured US$20million. From A-list scandals and red carpet mishaps to exclusive pictures and viral moments, subscribe to the DailyMail's new showbiz newsletter to stay in the loop. Discovery said the completion of the sale is expected to take place on August 1. This deal will profoundly reshape the commercial TV and streaming landscape in New Zealand, as it forges the biggest media company in the country by revenue and audience — all for the price of a singular gold coin. In April last year, WBD confirmed the closure of its New Zealand newsroom Newshub, ending the 6pm and AM TV news bulletins on channel Three. Sky will assume all of WBD's ongoing commercial contracts, including a partnership deal with Stuff ( that was struck with WBD days after Newshub closed last year. The digital publisher has been providing ThreeNews since June 6, 2024. Effectively, the 6pm news moved online – with Stuff hiring several beloved Newshub presenters who had been made redundant. Sinead Boucher, who purchased the Stuff company from Australia's Nine Entertainment for $1 in 2020, said she is 'delighted' to see Sky bring TV3 back into New Zealand ownership 'for the first time in decades'. 'My word this industry moves at pace!' ThreeNews presenter Samantha Hayes posted to Instagram on Tuesday. 'I was only just getting around to marking our one year anniversary of ThreeNews this month and now another seismic shift in the media landscape with Sky buying Three, ThreeNow and Discovery NZ's many other assets. 'We'll keep making our 6pm news bulletin like we always do and I'm excited about what the future holds... watch this space!' Sky's chief executive Sophie Moloney told Stuff the deal made sense, both strategically and financially for the pay TV giant. 'We've made no secret of the fact we want to grow our advertising revenue and the one platform we're actually missing in that ecosystem was a BVOD [broadcast video on demand] platform,' she said. 'Ultimately, we think this shores up the local media ecosystem which we're thrilled to participate in.' Warner Bros. Discovery will remain in New Zealand through its 'highly successful' film production business WBITVP, suite of pay TV channels, and a content licensing deal with Sky's streaming platform, Neon. Kiwi media pundits are saying the $1 price tag indicates that Discovery NZ's parent, WBD, simply wanted to exit the free-to-air business. 'Our decision to sell the business follows an extensive review of options to ensure long-term success for our New Zealand operations,' Australia and NZ managing director Michael Brooks said. 'Advertiser behaviour has shifted, viewer habits have shifted, and we're still going through this digital transition,' he told Stuff. 'The media industry has changed right across the board. I don't think there's a market or a company that hasn't been impacted over the last few years.' The sale is the latest move in WBD's global restructuring efforts, as the media Goliath splits its businesses up. One arm of the company will focus on streaming, and the other on global networks - many of which were downsized, or shut down, across Europe in 2023. Brooks said the New Zealand sale has 'absolutely no connection' to the global restructuring efforts. Meanwhile, NZ Prime Minister Christopher Luxon was unbothered about the deal. 'Yeah, I saw those reports,' Luxon said in parliament.
1News
18 hours ago
- Business
- 1News
Five Big Things That Happened Today: Tuesday, July 22
Sky TV buys Three for $1; Winning Lotto ticket set to expire; Debt collector convicted and fined $115,500 for 'misleading conduct'. 1 Sky TV agrees to buy Three for $1 Sky TV has agreed to buy Three owner Discovery NZ for $1, the company announced this morning. The agreement was announced to the NZX, and means US television giant Warner Bros Discovery will leave New Zealand's free-to-air television market. Under the deal, Sky would take control of all TV3 brands, including Three, Bravo, Eden, Rush, HGTV, and the network's streaming platform, ThreeNow. ADVERTISEMENT Read More 2 Debt collector convicted and fined $115,500 for 'misleading conduct' A debt collector and his company have been ordered to pay $115,500 in fines and emotional harm reparations. Director John Stuart Campbell and his company Law Debt Collection pleaded guilty in the Manukau District Court to making misleading representations when collecting debt after a prosecution by the Commerce Commission. Read More 3 Serious crash causes major delays on SH1 in Horowhenua A section of State Highway 1 between Ōtaki and Levin was closed "for several hours" today following a serious crash — with a nearby marae open to motorists held up. ADVERTISEMENT Emergency services responded to the scene at Manakau between Whakahoro Rd and Kuku East Rd, about 10.20am. Read More 4 Man arrested seven years after cold case killing of Hawke's Bay dad A man has been arrested nearly seven years after the killing of a Hawke's Bay father in Flaxmere. Eddie Peters, 45, was beaten and left for dead on the driveway at a home on Diaz Drive in Flaxmere during the early hours of Friday, November 16, 2018. He died eight days later at Wellington Hospital. Read More 5 Time running out for Lotto first division winner to claim prize ADVERTISEMENT A $200,000 Lotto prize is soon set to expire – with the ticket holder still not having claimed their winnings. The ticket was purchased at Coastlands Lotto in Paraparaumu on the Kāpiti Coast. It is set to expire on August 31 – one year from its draw date. Read More Watch: Luxon hits back at Hipkins calling Family Boost an 'absolute flop' Prime Minister Christopher Luxon said he won't be taking any lectures from Labour leader Chris Hipkins. Watch Here ONE SEWING JOURNEY ADVERTISEMENT Jordaan Tuitama got into sewing four years ago. Now the 38-year-old man is breaking stereotypes of what sewing is and who it's for. Read More
RNZ News
2 days ago
- Business
- RNZ News
Sky TV to buy Three owner Discovery NZ for $1
Photo: 123RF Sky TV has agreed to fully acquire TV3 owner Discovery New Zealand for $1. Completion of the sale is expected on 1 August. More to come ... Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
Daily Mirror
5 days ago
- Entertainment
- Daily Mirror
'I'm a TV writer and found a way to get Netflix and Sky TV for 50p per day'
Stranger Things season five is slowly but surely edging closer and TV writer Jake Hackney has found a way to secure a Netflix and Sky TV subscription for 50p per day ahead of its launch. It's been a big week for Netflix as the streamer finally dropped the first trailer for Stranger Things season five. On Wednesday, exactly nine years and one day after the sci-fi series first aired, Netflix gave fans their first-look at its final chapter. The footage shows Eleven (Millie Bobby Brown) and the gang returning for 'one last adventure', each united by a single goal: to find and kill Vecna. Season five is set to premiere in three parts, with volume one (episodes one to four) on November 27, followed by volume two (episodes five to seven) on Boxing Day, and the finale on New Year's Day. It feels like an age since season four, so I'm sure I'm not the only one who's felt their interest waning in the interim. However, after seeing the new trailer this week I'm happy to say Netflix has well and truly pulled me back in. It's fair to say the hype around the new season is building, and it's sure to keep going throughout the rest of the year. With that, many fans are likely scrambling for different ways to find a cheap Netflix subscription. Earlier this year, the streamer raised its subscription fees yet again, with its entry-level Standard with Ads tier now costing £5.99 per month. However, as a TV and tech writer, it's my job to find ways to watch all the latest series while keeping costs down, and I know how to get Netflix and Sky TV for 50p per day. The deal comes directly from Sky, which includes a free Netflix subscription with TV packages like the Essential TV bundle. For £15 per month, this provides free Netflix access, more than 100 channels including Sky Atlantic and a Discovery+ subscription. When breaking it down, this works out at 50p per day over a 30-day period. The bundle comes on a 24-month term, meaning those signing up can secure a Netflix subscription for two years. It typically comes with Netflix Standard with Adverts, which usually costs £5.99 when joining direct, meaning members essentially pay £9.01 for 100 TV channels and Discovery+. There is the option to upgrade to Netflix Standard or Premium for those who prefer ad-free viewing, priced at an extra £6 or £11 respectively. Sky also lets those with an existing subscription keep the same account, so they don't pay twice. Sky isn't the only provider to tempt customers with free Netflix access, as Virgin Media also includes a free subscription with its own TV packages. However, although they include much more, they also come with a higher price tag. The cheapest package that comes with Netflix is the £64.99 Biggest Combo bundle; usually priced at £78.99, this also comes with more than 200 TV channels, Sky Sports, Sky Cinema and 516Mbps fibre broadband. However, one downside to both Sky and Virgin's plans is that they both increase their prices every April in an inflation-linked rise. This means the price paid is likely to go up twice in the next 24 months. Sky is yet to confirm how much its prices will go up in April 2026, but this year it introduced a 6.2% rise, so we may see something similar next year. Virgin has already set out its planned changes, with the £64.99 plan rising to £68.49 from April 2026. Despite this, both Sky and Virgin customers can enjoy every season of Stranger Things, as well as Squid Game, Bridgerton and much, much more.
