1 00:00:01,200 --> 00:00:04,520 Speaker 1: Afternoon, we have got another one dollar deal. Sky TV 2 00:00:04,840 --> 00:00:07,560 Speaker 1: is buying TV three from Warner Brothers Discovery for a 3 00:00:07,560 --> 00:00:10,280 Speaker 1: single dollar. It will take on none of TV three's debt. 4 00:00:10,320 --> 00:00:12,600 Speaker 1: Now the investors are loving it. Shares and sky TV 5 00:00:12,720 --> 00:00:14,640 Speaker 1: are up more than five percent today the move. It 6 00:00:14,720 --> 00:00:17,279 Speaker 1: gives sky TV a huge free to air platform and 7 00:00:17,320 --> 00:00:19,840 Speaker 1: will undoubtedly put pressure on TV as Z. Sophie Maloney 8 00:00:19,960 --> 00:00:22,600 Speaker 1: is the boss of sky TV. Hi, Sophie, you got 9 00:00:22,680 --> 00:00:22,960 Speaker 1: to hear that. 10 00:00:23,000 --> 00:00:23,840 Speaker 2: How are you doing well? 11 00:00:23,840 --> 00:00:25,439 Speaker 1: Thank you? Have you cracked a champagn yet? 12 00:00:26,720 --> 00:00:29,560 Speaker 2: No, I haven't. These are very important discussion, so but 13 00:00:29,680 --> 00:00:31,880 Speaker 2: thrilled to be with you and share this exciting news. 14 00:00:31,960 --> 00:00:33,879 Speaker 1: This is a bargain. I mean, have you got the 15 00:00:33,880 --> 00:00:34,960 Speaker 1: bargain of the year. 16 00:00:36,240 --> 00:00:38,920 Speaker 2: We worked hard with Warner Brothers Discovery to get to 17 00:00:39,159 --> 00:00:41,600 Speaker 2: a very good place here and we're absolutely thrilled about 18 00:00:41,600 --> 00:00:45,160 Speaker 2: welcoming the Discovery New Zealand team and to the wider 19 00:00:45,200 --> 00:00:48,040 Speaker 2: Sky business. So yeah, it's a great opportunity for us 20 00:00:48,040 --> 00:00:49,640 Speaker 2: that we're uniquely placed to go after. 21 00:00:50,000 --> 00:00:52,519 Speaker 1: So are you going to shut down Sky open the channel? 22 00:00:53,560 --> 00:00:56,480 Speaker 2: No? Not at this where we're definitely just continuing business 23 00:00:56,480 --> 00:00:59,320 Speaker 2: as usual. We've got a full transition plan to step through. 24 00:00:59,360 --> 00:01:01,240 Speaker 2: You know, we don't. You can pleate until the first 25 00:01:01,240 --> 00:01:04,960 Speaker 2: of August, and so there's absolute continuity of content and 26 00:01:05,000 --> 00:01:08,000 Speaker 2: delivery across all of the channels and no change in 27 00:01:08,000 --> 00:01:09,960 Speaker 2: the near future. In time, of course, we'll have a 28 00:01:10,000 --> 00:01:11,720 Speaker 2: look across all of it and see what's the best 29 00:01:11,760 --> 00:01:13,520 Speaker 2: way to deliver for all of New Zealand. But as 30 00:01:13,560 --> 00:01:16,440 Speaker 2: things stand, absolutely no change and we're excited about the 31 00:01:16,440 --> 00:01:17,759 Speaker 2: offering on Sky Open right. 32 00:01:17,760 --> 00:01:20,600 Speaker 1: But this is obviously this is the platform where you 33 00:01:20,640 --> 00:01:23,240 Speaker 1: put your free to air content once you've monetized it 34 00:01:23,319 --> 00:01:24,959 Speaker 1: and got all the money you can out of it, 35 00:01:25,000 --> 00:01:27,360 Speaker 1: behind the paywall of Neon and Sky TV. Surely this 36 00:01:27,400 --> 00:01:30,000 Speaker 1: is where you put it. For the advertising well, I. 37 00:01:30,000 --> 00:01:33,360 Speaker 2: Think there's actually different audiences and different content that resonates 38 00:01:33,360 --> 00:01:35,679 Speaker 2: across free and pay and as you say, though, this 39 00:01:35,760 --> 00:01:38,679 Speaker 2: does give us an awesome opportunity to deliver right across 40 00:01:38,680 --> 00:01:40,880 Speaker 2: the piece, and we're really excited. You know, three has 41 00:01:40,920 --> 00:01:45,319 Speaker 2: an amazing history and three now is the missing platform 42 00:01:45,360 --> 00:01:47,880 Speaker 2: from our go to market from an advertising perspective, so 43 00:01:49,000 --> 00:01:50,880 Speaker 2: that's a very exciting part of the deal for us. 44 00:01:50,880 --> 00:01:53,560 Speaker 2: And it's got a massively diverse audience from what we 45 00:01:53,640 --> 00:01:53,960 Speaker 2: have on. 46 00:01:53,920 --> 00:01:57,920 Speaker 1: The Sky side. Okay, so does this basically mean that 47 00:01:58,080 --> 00:02:01,840 Speaker 1: TVs is no longer an option when comes to sports negotiations, 48 00:02:01,880 --> 00:02:04,240 Speaker 1: You guys are the only game in town because you've 49 00:02:04,240 --> 00:02:08,160 Speaker 1: got the existing infrastructure of Sky TV. You can broadcast it, 50 00:02:08,200 --> 00:02:09,520 Speaker 1: you can do all of that hard work. But you've 51 00:02:09,560 --> 00:02:12,079 Speaker 1: also got the free to air platform now in TV three. 52 00:02:12,200 --> 00:02:14,360 Speaker 2: No. Look, I don't think it's the end of that 53 00:02:14,440 --> 00:02:17,080 Speaker 2: at all. I think TVNZ's a super important player in 54 00:02:17,120 --> 00:02:20,400 Speaker 2: the market. They're still the juggonnaut in terms of advertising 55 00:02:20,440 --> 00:02:23,760 Speaker 2: revenue share, and you know, ultimately hither it is about 56 00:02:23,760 --> 00:02:26,160 Speaker 2: the sports partners and where they want to be showcasing 57 00:02:26,200 --> 00:02:28,919 Speaker 2: their content, and it still needs to make financial sense, right, 58 00:02:29,000 --> 00:02:31,560 Speaker 2: So I think it's actually really important for the local 59 00:02:31,600 --> 00:02:35,359 Speaker 2: media ecosystem that you do have two vibrant opportunities for 60 00:02:35,840 --> 00:02:37,040 Speaker 2: sport partners and beyond. 61 00:02:37,520 --> 00:02:40,360 Speaker 1: Is this why the rugby broadcast deal and the netball 62 00:02:40,480 --> 00:02:43,400 Speaker 1: broadcast deal has not been tidied up and finished by 63 00:02:43,400 --> 00:02:45,120 Speaker 1: the time we all thought they were going to be, 64 00:02:45,120 --> 00:02:46,720 Speaker 1: because you guys were waiting for the steal. 65 00:02:47,600 --> 00:02:50,440 Speaker 2: No, not at all. This is unrelated. This deal has 66 00:02:50,480 --> 00:02:53,760 Speaker 2: been worked on for a long time. It came to 67 00:02:53,840 --> 00:02:57,280 Speaker 2: fruition finally last night and is unconnected to both of 68 00:02:57,320 --> 00:02:58,639 Speaker 2: those arrangements. 69 00:02:58,840 --> 00:03:00,520 Speaker 1: Are you going to keep the news at six on 70 00:03:00,560 --> 00:03:01,119 Speaker 1: TV three? 71 00:03:03,040 --> 00:03:05,800 Speaker 2: Again? Absolutely no change, So yeah, we're going to be 72 00:03:06,280 --> 00:03:08,960 Speaker 2: keeping the news at six em. We're excited about that 73 00:03:09,040 --> 00:03:12,520 Speaker 2: partnership with Stuff going forward. You know, once it's complete 74 00:03:12,560 --> 00:03:13,560 Speaker 2: from the first of August. 75 00:03:14,120 --> 00:03:17,359 Speaker 1: How long has that deal got to run between. 76 00:03:17,080 --> 00:03:21,480 Speaker 2: TV three and here that confidential information. But there's a 77 00:03:21,520 --> 00:03:23,000 Speaker 2: decent period to run, which is great. 78 00:03:23,280 --> 00:03:25,919 Speaker 1: What's a decent period? Are we all years or months? 79 00:03:28,000 --> 00:03:33,600 Speaker 2: Because yeah, yeah, longer than months, Heather, longer than months. 80 00:03:33,360 --> 00:03:36,640 Speaker 1: Okay, because because you're going to have to cut it 81 00:03:37,200 --> 00:03:40,080 Speaker 1: right it is. It is expensive and it is not delivering, 82 00:03:40,160 --> 00:03:40,400 Speaker 1: is it. 83 00:03:41,600 --> 00:03:43,800 Speaker 2: Oh? I don't. I wouldn't say that at all. In fact, 84 00:03:43,920 --> 00:03:46,760 Speaker 2: I think the team have done a remarkable job. And 85 00:03:46,920 --> 00:03:49,800 Speaker 2: we know news is super important, right you were talking 86 00:03:49,800 --> 00:03:51,680 Speaker 2: about that earlier, that we've got to make sure we've 87 00:03:51,680 --> 00:03:55,960 Speaker 2: got news coverage speaking the word decent. So absolutely no 88 00:03:56,120 --> 00:03:59,160 Speaker 2: change to the delivery of three News and the partnership 89 00:03:59,160 --> 00:04:02,400 Speaker 2: with Stuff, And I think it's a really important aspect 90 00:04:02,400 --> 00:04:05,680 Speaker 2: of the deal that we do continue to see news 91 00:04:05,760 --> 00:04:08,720 Speaker 2: thriving doesn't mean we're going to go created ourselves. By 92 00:04:08,760 --> 00:04:11,400 Speaker 2: the way, it's really important that we partner with local 93 00:04:11,880 --> 00:04:15,560 Speaker 2: news providers who've got all the infrastructure and talent, so 94 00:04:15,600 --> 00:04:17,960 Speaker 2: you need never know whither. Maybe there'll be an opportunity 95 00:04:17,960 --> 00:04:18,320 Speaker 2: for you. 96 00:04:20,360 --> 00:04:23,360 Speaker 1: Listen to this. Okay, listen, are you are you gonna 97 00:04:23,360 --> 00:04:25,200 Speaker 1: crack If you haven't cracked a champagne yet, are you 98 00:04:25,240 --> 00:04:26,520 Speaker 1: going to crack your champagne tonight? 99 00:04:27,200 --> 00:04:29,159 Speaker 2: We are definitely going to have a champagne As a team. 100 00:04:29,160 --> 00:04:31,920 Speaker 2: They've worked incredibly hard to get to this place, so yeah, 101 00:04:32,040 --> 00:04:33,440 Speaker 2: it's a thrilling place to be. 102 00:04:33,680 --> 00:04:36,240 Speaker 1: Good stuff. Enjoy it very much, Sophie. Thank you, Sophie Maloney, 103 00:04:36,279 --> 00:04:40,559 Speaker 1: Chief executive sky TV. For more from Heather Duplessy Allen Drive, 104 00:04:40,720 --> 00:04:44,159 Speaker 1: listen live to news Talks it'd be from four pm weekdays, 105 00:04:44,279 --> 00:04:46,480 Speaker 1: or follow the podcast on iHeartRadio.