SKT - Sky Network Television

[Mysterion]

Universal Electronics Inc.

https://investors.uei.com/static-files/4bcfa9c1-729b-4c45-9c01-2840c313b406

[Mysterion]

https://www.satelliteevolution.com/post/allente-launches-next-gen-android-tv-on-satellite-iptv-and-ott-thanks-to-hybrid-kaon-stb-and-3ss-ux

https://www.digitaltveurope.com/2022/02/22/allente-launches-next-generation-android-tv-stb/

Apparently (Allente) a Sky equivalent in the Nordic countries who uses the same vendor have recently rolled out their new boxes.



https://www.v-net.tv/2022/03/21/allente-partners-with-kaonmedia-for-android-tv-service-stb/

"According to Allente, the deployment was developed in just six months thanks to close collaboration between the companies."

Done in only six months

[Mysterion]

The new STBs will be deployed in a phased rollout. Online OTT viewing will be enabled first, followed by DTH satellite-delivered TV, and later, PVR capability and IPTV will be introduced.

Seems like the Allente box is being deployed in phases. I would say it would be the same for Sky.

For example, only new Sky customers who don't want satellite connection will be offered the new Sky Box first.

Then likely only new Sky customers.

Then existing Sky customers.

New box might be buggy and slow at first with hundreds of updates over following months.

Could be at least 2 years away for existing 'ma and pa' sky customers wanting to connect new box to satellite feed.

Market moves fast as well so the tech might be getting a bit outdated by the time the do the full roll out.

[Mysterion]

Yeah, I dunno about this new box. The more I read about it the more I think it's just a gimmick and it's more targeted to the younger demographic and this is not where Sky's core customer base is.

The learning curve could be steep for older customers and they might be reluctant to move.

Unless you're wanting to switch from streaming to terrestrial TV regularly it may not be worth it. Just depends on your setup and needs etc. For me I like to keep TV and streaming separate.

The old box still gets the job done and may still have a place in the market after all.

It may just be the case where this new box only reaches 25% of customers by 2030 and by then another box will be in development. Not a game changer but just another product in the line up etc. Time will tell.

But the real question is this going to move the shareprice over the long term? I dunno, but it should at least cement sky's position in the market going forward and keep them relevant. Bows well for a takeover as WarnerDiscovery could use that as base to onsell more digital content. 

[Mysterion]

Sky just need to do a modest cash distribution ($30-$50m), reinstate a small dividend, get a small buy back program going, save a bit of cash for more programing rights (ie rugby 2025), and then just wait for WarnerDiscovery to make their play and things will be all good.

For investors it's just a question of weather you bail now and buy WarnerDiscovery shares instead.

[PeterLynch]

https://www.stuff.co.nz/business/129164842/sky-tv-misses-target-for-launch-of-new-sky-box

"Bu-bu-but supply chain issues"



This thing an't coming out by September.

 

[Mysterion]

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKT/395302/374627.pdf

Newsletter directedly aimed at annoying retail investors to get them to stop sending emails.

[Mysterion]

Sky box being rolled out in phases.

VTV customers and those existing customers threating to cancel their subs likely first in line.

Seems like average customer will be waiting at least 1 year.

[Mysterion]

Page 4

"important information"

Just a reminder to resister for dividends

[Mysterion]

Best time to "kick the tires" of Sky would be now.

Just need to complete cash return.

The dividend is more of a symbolic gesture signaling to buyers that the dark times are now over.

A new Sky box would be the perfect time for a new Sky owner.

(IMO) Buyer could/maybe/might be looking over those freshly inked preliminary EOY accounts as I type.

[mistaTea]

Best time to "kick the tires" of Sky would be now.

Just need to complete cash return.

The dividend is more of a symbolic gesture signaling to buyers that the dark times are now over.

A new Sky box would be the perfect time for a new Sky owner.

(IMO) Buyer could/maybe/might be looking over those freshly inked preliminary EOY accounts as I type.

Ogg for

Sky just need to do a modest cash distribution ($30-$50m), reinstate a small dividend, get a small buy back program going, save a bit of cash for more programing rights (ie rugby 2025), and then just wait for WarnerDiscovery to make their play and things will be all good.

For investors it's just a question of weather you bail now and buy WarnerDiscovery shares instead.

Agreed wholeheartedly.

Ogg for CEO - he will ensure we (finally) get paid.

[Mysterion]

I'm working for WarnerDiscovery now bro!

[Plata]

Does the fact that we have not been updated on subscriber numbers etc and have had no guidance change indicate the full year is likely to be pretty acceptable, ie there is no cost of living crisis if you subscribe to sky?

[Mysterion]

Does the fact that we have not been updated on subscriber numbers etc and have had no guidance change indicate the full year is likely to be pretty acceptable, ie there is no cost of living crisis if you subscribe to sky?

Yes, results will be within guidance as satellite numbers will be solid. And yes, people don't cancel sky (satellite) even if there is a living crisis.

What will be below expectation is neon and broadband.

It's likely Neon will take a huge hit! This is why they announced the price rise after 30th June so it won't effect the customer numbers in the upcoming results presentation.

Lots of people canceling Netflix so one would assume major exit of Neon too.

Total customer numbers will likely sink back into the 800's. I would assume sky will likely not mention total customer numbers anymore.

JUST LOL if you think they are going to release broadband numbers!



Streaming growth is pretty much dead now. Dunno what Sky will use as a narrative after the dividend and cash back is done. I think that's why they wanted mediaworks ie something to tell investors about how everything will be fine long term.

[Plata]

I think something they could focus their attention on is improving/ensuring accessibility of the sky user interface, remote and content to people who are vision or hearing impaired. Many of the most loyal customers will stay with sky until death simply because it is familiar and they know how to use it. I strongly believe that retaining these customers(who are likely older in age), is the most important goal for sky to remain profitable over a decade or multi decade timespan. Therefore ensuring extremely common diseases of age do not cause loss of customers is key.

Another thing I would be interested to see happen is more targeted packages. For example some sort of seniors channel package, that has more targeted and limited content for a lower price. SkyUK has something similar to this. Targeting families with kids could also be worthwhile. I get that there is some merit in forcing people to pay more for access to many channels they will never use, but in the days of netflix etc I think this tactic is outdated.