Click here<\/a> <\/p>\nThe acquisition is tipped to deliver Sky revenue diversification and uplift of circa 95 million NZD on an annualised basis, with 25 percent from digital sources.<\/p>\n
\u201cThis is a compelling opportunity for Sky that directly supports our ambition to be Aotearoa New Zealand\u2019s most engaging and essential media company,\u201d said Sky chief executive Sophie Moloney.<\/p>\n
\u201cIt positions us to scale faster, accelerates our growth, and further diversifies our revenue streams, particularly in advertising and digital.<\/p>\n
\u201cWe are acquiring a business with complementary operations that is a strong strategic fit for Sky, in an accretive way for our shareholders.\u201d<\/p>\n
Moloney touted the acquisition of a broadcast-video-on-demand service (BVOD) as a major selling point.<\/p>\n
\u201cIn particular, acquiring the established and fast-growing ThreeNow BVOD platform adds an important missing component to Sky\u2019s portfolio, without incurring the significant brand and platform development costs and inherent revenue risks associated with building a BVOD service ourselves,\u201d she explained.<\/p>\n
\u201cThe combined portfolio will give Sky significantly increased scale, diversity and mass reach that will unlock more opportunities in advertising and maximise the return on our investments in content through a strengthened, multi-platform approach.\u201d<\/p>\n
Warners Bros. Discovery New Zealand has battled to survive after it bought television arm of MediaWorks.<\/p>\n
The business went through massive staff upheaval in 2024 and shut down its news service Newshub. Three\u2019s 6pm bulletin survived thanks to a deal with Stuff, establishing ThreeNews.<\/p>\n
\u201cNotwithstanding the ongoing challenges faced by the Discovery NZ business, Sky is uniquely placed to give effect to this opportunity to accelerate our growth strategy,\u201d said Maloney.<\/p>\n
Michael Brooks, Warner Bros. Discovery managing director for Australia and New Zealand, acknowledged the recent struggles but said the business could thrive under Sky.<\/p>\n
\u201cThis is a fantastic outcome for both WBD and Sky,\u201d said Brooks.<\/p>\n
\u201cThe continued challenges faced by the New Zealand media industry are well documented, and over the past 12 months, the Discovery NZ team has worked to deliver a new, more sustainable business model following a significant restructure in 2024.<\/p>\n
\u201cWhile this business is not commercially viable as a standalone asset in WBD\u2019s New Zealand portfolio, we see the value Three and ThreeNow can bring to Sky\u2019s existing offering of complementary assets.<\/p>\n
\u201cThe transaction includes a significant and ongoing content supply agreement for WBD\u2019s premium content, for the mutual benefit of both parties.\u201d<\/p>\n
According to a statement on the NZX: \u201cOn completion, Discovery NZ\u2019s balance sheet will be clear of certain long-term obligations, including property leases and content commitments, and will include assets such as the ThreeNow platform, a portfolio of content rights acquired in the normal course of business and clear of content payables, and a normal level of other net working capital (subject to a customary post completion adjustment process).\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"ThreeNow is the exclusive broadcaster of NASCAR in New Zealand. Discovery NZ Limited was owned by Discovery Networks…\n","protected":false},"author":2,"featured_media":12133,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[64,63,134,955,6490,427],"class_list":{"0":"post-12132","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tv","8":"tag-au","9":"tag-australia","10":"tag-entertainment","11":"tag-nascar","12":"tag-slot3","13":"tag-tv"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/12132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=12132"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/12132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/12133"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=12132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=12132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=12132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"New](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/07\/GettyImages-2226194437-copy.jpg\")
ThreeNow is the exclusive broadcaster of NASCAR in New Zealand.<\/p>\n