1
00:00:00,160 --> 00:00:02,559
Speaker 1: Sky TV shares been a bit all over the place today,

2
00:00:02,600 --> 00:00:05,560
Speaker 1: but wobly this after the Netflix Warner Bros. Deals announced

3
00:00:05,600 --> 00:00:09,119
Speaker 1: at the weekend. It still needs regulatory approval and Trump

4
00:00:09,119 --> 00:00:11,080
Speaker 1: has said some stuff on this today. We'll bring that

5
00:00:11,119 --> 00:00:14,040
Speaker 1: to you shortly. But it affects Sky in New Zealand

6
00:00:14,080 --> 00:00:16,439
Speaker 1: because a lot of the movies and the TV shows

7
00:00:16,480 --> 00:00:21,320
Speaker 1: on Neon Sky's streaming service come from HBO, which Warner

8
00:00:21,360 --> 00:00:24,560
Speaker 1: Brothers owns. Duncan Grieve is host of the Full Media

9
00:00:24,600 --> 00:00:26,920
Speaker 1: podcast on the spin Off and joins me this afternoon. Hey,

10
00:00:27,000 --> 00:00:30,240
Speaker 1: Duncan there right, how are you got to thank you?

11
00:00:30,360 --> 00:00:34,360
Speaker 1: How much of what Neon puts out comes from HBO

12
00:00:34,560 --> 00:00:35,640
Speaker 1: comes from Warner Brothers.

13
00:00:36,960 --> 00:00:40,120
Speaker 2: I think it's I'm not sure about the precise percentage,

14
00:00:40,200 --> 00:00:44,360
Speaker 2: but certainly when you think about how Neon markets itself,

15
00:00:44,400 --> 00:00:47,640
Speaker 2: For example, it tends to build its campaigns around a

16
00:00:47,680 --> 00:00:50,240
Speaker 2: few ten pole shows, the likes of The White Lotus

17
00:00:50,360 --> 00:00:53,320
Speaker 2: or The Last of Us, and both of those are

18
00:00:53,440 --> 00:00:58,640
Speaker 2: HBO shows, And typically it's biggest marketing pushes about really

19
00:00:58,680 --> 00:01:02,160
Speaker 2: high quality shows that that show up on a weekly basis.

20
00:01:02,240 --> 00:01:06,600
Speaker 2: Keep you hooked on Neon from HBO and the richest,

21
00:01:06,800 --> 00:01:11,080
Speaker 2: most kind of beloved parts of its library are also

22
00:01:11,160 --> 00:01:16,600
Speaker 2: from HBO. So the idea of the value proposition of

23
00:01:16,840 --> 00:01:21,679
Speaker 2: Neon as a you know, as a consumer product being

24
00:01:21,720 --> 00:01:24,880
Speaker 2: retained without HBO is pretty sketchy to me.

25
00:01:25,040 --> 00:01:28,240
Speaker 1: It's the good bits. Would do you have Neon? Duncan?

26
00:01:28,640 --> 00:01:31,760
Speaker 2: I do? I think I'd probably watch it more than

27
00:01:31,800 --> 00:01:34,840
Speaker 2: any other streaming service without.

28
00:01:34,480 --> 00:01:37,120
Speaker 1: The HBO content. Would you still have the subscription?

29
00:01:39,440 --> 00:01:41,520
Speaker 2: I mean, I'm a media junkie, so I think I'm

30
00:01:41,520 --> 00:01:44,160
Speaker 2: a bit of an outlier, but I certainly wouldn't. I

31
00:01:44,200 --> 00:01:49,400
Speaker 2: think it would plummet in my rankings to to like,

32
00:01:49,880 --> 00:01:52,880
Speaker 2: you know, third or fourth most used. And then for

33
00:01:52,920 --> 00:01:57,440
Speaker 2: the average person, that's a very easy cancel with cinema.

34
00:01:57,720 --> 00:01:59,960
Speaker 1: Will you know, does everything just then go to net?

35
00:02:00,320 --> 00:02:02,400
Speaker 1: If the deal goes through, does everything then just go

36
00:02:02,440 --> 00:02:04,120
Speaker 1: to Netflix and forget about the movies?

37
00:02:05,480 --> 00:02:10,920
Speaker 2: I mean, historically Netflix has been pretty at best tipped,

38
00:02:11,040 --> 00:02:14,600
Speaker 2: probably more accurately hostile towards movie theaters. It's not a

39
00:02:14,639 --> 00:02:17,399
Speaker 2: business at they're end. They very occasionally will release something

40
00:02:17,480 --> 00:02:20,560
Speaker 2: for a very limited couple of weeks run basically to

41
00:02:20,600 --> 00:02:24,280
Speaker 2: make it eligible for the Oscars. But they've always been

42
00:02:24,639 --> 00:02:28,919
Speaker 2: very pure and kind of precise with what they are

43
00:02:28,960 --> 00:02:32,400
Speaker 2: as a company, which is a single app that you

44
00:02:32,440 --> 00:02:36,240
Speaker 2: can watch on any device and works incredibly well. And

45
00:02:36,320 --> 00:02:40,040
Speaker 2: they just think, more great content, more customers. That's a

46
00:02:40,040 --> 00:02:42,840
Speaker 2: flywheel that keeps rolling. And that's a big part of

47
00:02:42,880 --> 00:02:45,840
Speaker 2: what's scaring people with this acquisition is that the studio

48
00:02:45,919 --> 00:02:48,720
Speaker 2: that had the best year by far at the global

49
00:02:48,720 --> 00:02:52,720
Speaker 2: box office was one of Brothers Discovery, and you know,

50
00:02:52,800 --> 00:02:56,720
Speaker 2: they represent fifteen percent of the sort of cinematic market

51
00:02:56,760 --> 00:02:59,960
Speaker 2: at the moment, and if you kind of pull that out,

52
00:03:00,520 --> 00:03:03,160
Speaker 2: you know a lot of locations and potentially even some

53
00:03:03,160 --> 00:03:07,000
Speaker 2: some chains of theaters aren't viable and the whole enterprise

54
00:03:07,000 --> 00:03:09,720
Speaker 2: starts to look a bit shaky. Now, Netflix have said

55
00:03:09,760 --> 00:03:11,919
Speaker 2: that they're not planning to pull the movies out of

56
00:03:11,960 --> 00:03:14,080
Speaker 2: there right now, and it would be hard from our

57
00:03:14,120 --> 00:03:16,280
Speaker 2: financial perspective to do so. But you've got to think

58
00:03:16,320 --> 00:03:18,760
Speaker 2: medium long term. They want to have all this stuff

59
00:03:18,800 --> 00:03:21,679
Speaker 2: on Netflix and potentially on Netflix exclusively.

60
00:03:21,120 --> 00:03:24,119
Speaker 1: One hundred percent. Don't appreciate that. Sathnoon, Thank you. Dunk

61
00:03:24,160 --> 00:03:27,240
Speaker 1: and Graeve, host of the Fold Media podcast on the spinoff.

62
00:03:27,840 --> 00:03:31,000
Speaker 1: For more from Hither Duplessy Alan Drive, listen live to

63
00:03:31,120 --> 00:03:34,160
Speaker 1: news talks it'd be from four pm weekdays, Or follow

64
00:03:34,200 --> 00:03:35,960
Speaker 1: the podcast on iHeartRadio