1
00:00:00,360 --> 00:00:02,560
Speaker 1: Now The Pit, The White Lotus, a ton of other

2
00:00:02,720 --> 00:00:04,840
Speaker 1: HBO shows are going to be gone from Neon by

3
00:00:04,840 --> 00:00:06,680
Speaker 1: the second half of this year. And that's because Warner

4
00:00:06,720 --> 00:00:10,200
Speaker 1: Brothers Discovery is planning to launch its own streaming service. Here, yes,

5
00:00:10,240 --> 00:00:13,039
Speaker 1: another one, and it's pulling its content from Neon. His

6
00:00:13,119 --> 00:00:16,040
Speaker 1: oonn by sky TV. The CEO is Sophie Maloney. High Sophie,

7
00:00:16,400 --> 00:00:18,479
Speaker 1: you to hear that. Hey, I'm well, thank you.

8
00:00:18,520 --> 00:00:18,599
Speaker 2: Now.

9
00:00:18,640 --> 00:00:20,279
Speaker 1: I know you're putting on a brave face today, but

10
00:00:20,360 --> 00:00:21,360
Speaker 1: this must be gutting.

11
00:00:22,320 --> 00:00:24,320
Speaker 2: No, it's not. Actually, I think it's been pretty well

12
00:00:24,360 --> 00:00:28,400
Speaker 2: signaled the Warner Brothers Discovery. We'll thinking about going direct.

13
00:00:28,440 --> 00:00:31,800
Speaker 2: But also we've shared with our shareholders, particularly at an

14
00:00:31,720 --> 00:00:35,080
Speaker 2: annual shareholder meeting, that the Neon subs where we wanted

15
00:00:35,080 --> 00:00:37,280
Speaker 2: them to be. And also we've been doing a huge

16
00:00:37,280 --> 00:00:39,720
Speaker 2: amount of work on our entertainment strategy because we want

17
00:00:39,720 --> 00:00:44,240
Speaker 2: to have a constant drum beat of titles for our customers. So, no,

18
00:00:44,440 --> 00:00:48,360
Speaker 2: this is not gutting. This is the next phase for us.

19
00:00:48,400 --> 00:00:50,880
Speaker 2: But you know, just for all of your listeners out there,

20
00:00:51,320 --> 00:00:54,120
Speaker 2: the good news is that they can keep watching The Pit.

21
00:00:54,240 --> 00:00:57,400
Speaker 2: Season two Euphoria is coming because we have got that

22
00:00:57,480 --> 00:01:00,480
Speaker 2: content until the middle of the year. But I'm really

23
00:01:00,480 --> 00:01:02,560
Speaker 2: excited about here. That is the new content we have

24
00:01:02,760 --> 00:01:07,039
Speaker 2: coming through Paramount, including Marshall's a Yellowstone Story, and we've

25
00:01:07,040 --> 00:01:09,880
Speaker 2: gotlined Outlander the final season. I just wanted to give

26
00:01:09,880 --> 00:01:12,000
Speaker 2: you a sense of the additional content we're going to have.

27
00:01:12,360 --> 00:01:13,880
Speaker 2: But our customers, if.

28
00:01:13,720 --> 00:01:17,200
Speaker 1: Your aim is to have a constant drumbeat of content arriving,

29
00:01:17,240 --> 00:01:18,560
Speaker 1: then doesn't this make it harder.

30
00:01:20,880 --> 00:01:23,080
Speaker 2: No, in the sense that we've now got We've been

31
00:01:23,080 --> 00:01:26,880
Speaker 2: looking at all of our viewership data and we recognize

32
00:01:26,880 --> 00:01:29,560
Speaker 2: that actually we need a broader slate of content than

33
00:01:29,600 --> 00:01:33,240
Speaker 2: what we were securing today through the Hbox deal, and

34
00:01:33,319 --> 00:01:35,800
Speaker 2: so that's why I'm referencing some of those titles. You know,

35
00:01:35,800 --> 00:01:39,560
Speaker 2: our biggest title last year by far was Yellowstone. So

36
00:01:39,920 --> 00:01:42,600
Speaker 2: to have this new deal with Paramount but also Hither,

37
00:01:42,680 --> 00:01:45,679
Speaker 2: it means that we can be investing another content that

38
00:01:45,760 --> 00:01:48,520
Speaker 2: makes sense for our business with other studios like Sony

39
00:01:48,560 --> 00:01:51,680
Speaker 2: and the BBC. So, you know what, I think it's

40
00:01:51,680 --> 00:01:54,360
Speaker 2: been well signaled, but as a team, we're really excited

41
00:01:54,400 --> 00:01:55,520
Speaker 2: about what the future holds.

42
00:01:55,520 --> 00:01:58,160
Speaker 1: Me Now on was that a really expensive contract for you?

43
00:02:00,160 --> 00:02:03,120
Speaker 2: I mean these are you know, the HBO Max content

44
00:02:03,240 --> 00:02:06,480
Speaker 2: certainly comes with a price tag, and so yes, that

45
00:02:06,600 --> 00:02:08,679
Speaker 2: all went into the hopper of the discussion, because.

46
00:02:08,480 --> 00:02:10,560
Speaker 1: The reason I'm asking is then the money that it

47
00:02:10,600 --> 00:02:13,800
Speaker 1: frees up by losing that you can buy more content

48
00:02:13,840 --> 00:02:15,560
Speaker 1: with the same money than you would have got from

49
00:02:15,600 --> 00:02:19,399
Speaker 1: these guys. That's right. Okay, are you going to drop

50
00:02:19,440 --> 00:02:20,119
Speaker 1: the price of Neil.

51
00:02:21,520 --> 00:02:24,720
Speaker 2: No, because we've got lots of awesome content coming and

52
00:02:24,760 --> 00:02:27,360
Speaker 2: we've still got all of the HBO Max contents, Moller

53
00:02:27,400 --> 00:02:28,679
Speaker 2: the Year and there. As I say, all of those

54
00:02:28,720 --> 00:02:32,040
Speaker 2: titles are just reference are coming in March. And you

55
00:02:32,080 --> 00:02:35,120
Speaker 2: know what, there is an excellent Sky original called A

56
00:02:35,160 --> 00:02:39,960
Speaker 2: Small Town Scandal on Tom Sainsbury and Felicity Kendle of

57
00:02:40,040 --> 00:02:42,360
Speaker 2: Good Life Fame, which I would highly recommend to you,

58
00:02:42,400 --> 00:02:45,600
Speaker 2: Heather and all of the listeners. So look, there's a

59
00:02:45,639 --> 00:02:50,160
Speaker 2: the entertainment world. There's a huge amount of variety and substitutability,

60
00:02:50,200 --> 00:02:51,920
Speaker 2: and what we're wanting to do is make sure we

61
00:02:51,960 --> 00:02:55,800
Speaker 2: can actually have consistent month and month out content that

62
00:02:55,880 --> 00:02:58,519
Speaker 2: works for New Zealanders. So no, there's not going to

63
00:02:58,520 --> 00:02:59,880
Speaker 2: be a change in the price. We just need to

64
00:02:59,880 --> 00:03:01,040
Speaker 2: make sure the values there.

65
00:03:01,120 --> 00:03:03,000
Speaker 1: Yeah, you need to do that, ah, because the Chune

66
00:03:03,080 --> 00:03:05,320
Speaker 1: thing is a big problem, isn't it. Where we switch

67
00:03:05,360 --> 00:03:07,000
Speaker 1: on and we've discussed this before, you and I. We

68
00:03:07,040 --> 00:03:09,480
Speaker 1: switch on to Neon, watch all the content that's new,

69
00:03:09,639 --> 00:03:11,800
Speaker 1: binge watch it, jump off, go to Disney and so

70
00:03:11,960 --> 00:03:14,480
Speaker 1: basically you need stuff arriving every single month to keep

71
00:03:14,480 --> 00:03:15,600
Speaker 1: me there the whole year.

72
00:03:16,360 --> 00:03:18,240
Speaker 2: That's spot on hether and that's what we're looking to

73
00:03:18,280 --> 00:03:20,880
Speaker 2: do and we think we've got a lot of opportunity

74
00:03:20,919 --> 00:03:23,120
Speaker 2: to do that. But of course in terms of our

75
00:03:23,160 --> 00:03:25,880
Speaker 2: results and we're at that's for next week's conversation and

76
00:03:26,040 --> 00:03:27,160
Speaker 2: I hope you'll you'll have me.

77
00:03:27,160 --> 00:03:30,720
Speaker 1: Back absolutely, Sophie. Thank you for reminding me. Sophie Maloney

78
00:03:30,720 --> 00:03:35,560
Speaker 1: Sky TV CEO. For more from Hither Duplessy, Allen Drive,

79
00:03:35,760 --> 00:03:39,200
Speaker 1: listen live to news talks. It'd be from four pm weekdays,

80
00:03:39,280 --> 00:03:41,480
Speaker 1: or follow the podcast on iHeartRadio