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1953 posts

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  Reply # 2203445 22-Mar-2019 16:33
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As a sky user for the last 15 years.
Give me quality and I will pay for it.

Sky was leading force in bringing HD.
A better quality product . They have fallen behind.
4k TV are the new standard.

Get rid of all the cheap golden oldies crap using your bandwidth.

I can watch Netflix in 4k.
Give me sport in 4k.

Anything else for me isnpissing in the wind

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  Reply # 2203655 22-Mar-2019 22:32
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JaseNZ:

 

Looking forward to how he shapes things. A changing of the old guard should have been done years ago. 

 

Will see what they do to entice me back.

 

 

Agreed, I think Sky could have been in much better shape now if John had been given the heave-ho when their subscriber numbers peaked (was it in 2014?) and this new bloke had come in then. Imagine what Sky would be like now?


 
 
 
 


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  Reply # 2207152 29-Mar-2019 16:15
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I cancelled my SKY sub a few weeks ago and today was the last day before handing in my box. I took it to the local 100% store in North Canterbury who act as a drop off point for SKY.

 

He got his book out and needed to take some details from me, account number, name, address, etc etc. I was about the 8th entry on the page, and i asked when he'd started that page, he said 'Today'. This was at 10am, so that's one small drop off point in North Canty that had 8 boxes dropped off before 10am in one morning.

 

He said since they started offering this service in November, they'd just over 800 boxes returned.

 

Remarkable really...


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  Reply # 2207162 29-Mar-2019 16:41
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I see they've kicked John Fellett off the board, maybe they'll manage a turnaround now but I'm not going to rush off and buy any shares


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  Reply # 2207163 29-Mar-2019 16:43
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dougierydal:

 

I cancelled my SKY sub a few weeks ago and today was the last day before handing in my box. I took it to the local 100% store in North Canterbury who act as a drop off point for SKY.

 

He got his book out and needed to take some details from me, account number, name, address, etc etc. I was about the 8th entry on the page, and i asked when he'd started that page, he said 'Today'. This was at 10am, so that's one small drop off point in North Canty that had 8 boxes dropped off before 10am in one morning.

 

He said since they started offering this service in November, they'd just over 800 boxes returned.

 

Remarkable really...

 

 

Sky has about 112,000 disconnects per annum (or 300 per day) based on gross churn of 15%.  There are 4 drop off points in the Canterbury region - these would receive about 10% of the drop offs for NZ (based on number of HH as a proportion of total NZ HH) which would be about 30 per day shared across the 4 drop off points.  

 

In the 4 months (Dec-Mar) the region would process about 3750 drop offs.  Doesnt sound like 800 boxes returned would be that remarkable, does it?


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  Reply # 2207168 29-Mar-2019 16:47
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shk292:

 

I see they've kicked John Fellett off the board, maybe they'll manage a turnaround now but I'm not going to rush off and buy any shares

 

 

I imagine that he resigned at the first board meeting since the new CEO came on board.  With significant shareholders (selling at any price possible) and the ex-CEO deciding that they dont like the new strategy it seems likely that the prospect of buying shares would be a bold move (good luck ACC).

 

The current share price is saying that profitability (EBITDA) will drop to $100m in about 4-5 years given the likely bidding war for content.  At that point the net profit will be almost zero.  Blackrock, one of the worlds largest fund managers, doesnt think its a viable strategy for creating shareholder value.


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  Reply # 2207185 29-Mar-2019 17:21
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ockel:

 

I imagine that he resigned at the first board meeting since the new CEO came on board.  With significant shareholders (selling at any price possible) and the ex-CEO deciding that they dont like the new strategy it seems likely that the prospect of buying shares would be a bold move (good luck ACC).

 

The current share price is saying that profitability (EBITDA) will drop to $100m in about 4-5 years given the likely bidding war for content.  At that point the net profit will be almost zero.  Blackrock, one of the worlds largest fund managers, doesnt think its a viable strategy for creating shareholder value.

 

 

Definitely pushed instead of jumped - "John Fellet makes no bones about the fact that his decision to step down as a director of Sky Television was really the choice of the company's newly-appointed chief executive Martin Stewart."

 

https://www.stuff.co.nz/business/111612679/john-fellet-quits-sky-tvs-board-but-keeps-28year-emotional-investment

 

Just 10 years too late


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  Reply # 2207199 29-Mar-2019 18:02
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shk292:

 

I see they've kicked John Fellett off the board, maybe they'll manage a turnaround now but I'm not going to rush off and buy any shares

 

 

What I take from that is the Martin guy has ousted him. Old hand wont let go. New hand wants to act now not next week. I'm locked into Sky for MotoGP, Tennis and Rugby and NRL, so while it doesn't affect me, Im keen for a full app


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  Reply # 2207220 29-Mar-2019 18:17
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shk292:

 

ockel:

 

I imagine that he resigned at the first board meeting since the new CEO came on board.  With significant shareholders (selling at any price possible) and the ex-CEO deciding that they dont like the new strategy it seems likely that the prospect of buying shares would be a bold move (good luck ACC).

 

The current share price is saying that profitability (EBITDA) will drop to $100m in about 4-5 years given the likely bidding war for content.  At that point the net profit will be almost zero.  Blackrock, one of the worlds largest fund managers, doesnt think its a viable strategy for creating shareholder value.

 

 

Definitely pushed instead of jumped - "John Fellet makes no bones about the fact that his decision to step down as a director of Sky Television was really the choice of the company's newly-appointed chief executive Martin Stewart."

 

https://www.stuff.co.nz/business/111612679/john-fellet-quits-sky-tvs-board-but-keeps-28year-emotional-investment

 

Just 10 years too late

 

 

A little. Netflix etc who DONT compete with Sky came on board in 2015. Those that ditched Sky, ditched it and preferred a MUCH lower cost but they forego content. I.e, sport. $15 is the standard fare now, but its not really, its the same as Double Chocolate Ice Cream at Countdown for $1 a litre, it gets you into the store.

 

Yes, Sky should have got a new online based STB out before now (its not even out yet) and embraced apps (also not out yet) but they are the only ones making a profit. Yes, the planned changes should have been last year not later this year. Spark has upset proceedings, so with hindsight, sooner again. 

 

What is interesting is an article on Stuff today. We are littered with SVOD. Disney is out soon, Apple just announced a 100 country launch. Each will do the same thing, 4000 items of content (cheap, old) BUT new stuff, that is nowhere else, exclusive. So to enjoy all of the current, very cool  offerings, you may need to sub to Netflix. Lightbox, Neon, Amazon Prime, Disney, Apple. That's only 6 @ $15 or more like $20 to get more devices etc. Then you like sport so you get Sky or Fanpass.

 

The way its going these SVOD are cheap as chips, but not so much if you have to buy 6 or 7 scoops every week. I can see many io us paying $30 to $60 per month AND missing out on some very cool stuff. Internet is great eh? (yes its not the internets fault, but its someones fault.  

 

 


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  Reply # 2207227 29-Mar-2019 18:28
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tdgeek:

 

 

 

Yes, Sky should have got a new online based STB out before now (its not even out yet) and embraced apps (also not out yet) but they are the only ones making a profit. Yes, the planned changes should have been last year not later this year. Spark has upset proceedings, so with hindsight, sooner again. 

 

 

IMHO the new online based STB (puck) is probably going to be a very similar beast to VodafoneTV.  Anecdotal evidence suggests its not market ready (despite Vodafone pushing it very very hard).  So why would Sky launch it now?  

 

 


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  Reply # 2207242 29-Mar-2019 18:29
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6x$15 is about what we used to pay for Sky. The difference is about 10,000x more content.

 

 





I reject your reality and substitute my own. - Adam Savage
 


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  Reply # 2207243 29-Mar-2019 18:31
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Rikkitic:

 

6x$15 is about what we used to pay for Sky. The difference is about 10,000x more content.

 

 

 

 

And you probably pay for a whole lot of content that you dont watch - and doesnt interest you.  Go figure.


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  Reply # 2207245 29-Mar-2019 18:35
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ockel:

 

And you probably pay for a whole lot of content that you dont watch - and doesnt interest you.  Go figure.

 

That was what I had with Sky.

 

 





I reject your reality and substitute my own. - Adam Savage
 


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  Reply # 2207247 29-Mar-2019 18:37
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Rikkitic:

 

6x$15 is about what we used to pay for Sky. The difference is about 10,000x more content.

 

 

 

 

If you had sport. And sport costs. Sky Sport at $100 should be Basic at $20 and sport at $80. Take off the now free HD so sport is now $70. Thats fair. I'd easily pay $20 for both Basics.

 

The 6 x $15 which will be 6 x $20, will be bucketloads of rubbish, but its 000's of rubbish, sounds good. All we will watch from $20 each will be the great show , or shows, plus some other nice stuff. There wont actually be a lot we get for our $20. (the rest is filler) Thats quite ok, as $4 a week for one great show. or more is good value. But its 6 X that. Its not a bash Sky issue its a bash SVOD issue. 


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  Reply # 2207251 29-Mar-2019 18:40
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ockel:

 

tdgeek:

 

 

 

Yes, Sky should have got a new online based STB out before now (its not even out yet) and embraced apps (also not out yet) but they are the only ones making a profit. Yes, the planned changes should have been last year not later this year. Spark has upset proceedings, so with hindsight, sooner again. 

 

 

IMHO the new online based STB (puck) is probably going to be a very similar beast to VodafoneTV.  Anecdotal evidence suggests its not market ready (despite Vodafone pushing it very very hard).  So why would Sky launch it now?  

 

 

 

 

If its not ready its not ready, but the market would have declined less if it was out sooner. The UK version, I forget the name has been out for some time? yes, Sky NZ is not Sky UK but they must share more than just the logo. While I don't feel the urge to bag Fellet for not acting 10 years ago, it needed to be sooner than now, and now, nothing has changed 


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