NBR is reporting [PAID] that Sky is likely to face rising costs for programming as rivals chase content.
Sky Network Television [NZX: SKT], which is in talks to renew its five year contract with the New Zealand Rugby Union, is likely to face rising costs for programming as new rivals chase content, analysts say.
New Zealand’s dominant payTV company, which counts almost half of New Zealand households as customers, said this week it had lost the rights to broadcast key PGA golf tournaments to a rival service, a year after it lost the rights for English Premier League football to internet competitor Coliseum Sports Media.
Competition for high-rating content is set to intensify after Spark New Zealand, formerly Telecom, launched its internet based TV service last month, adding to the sports based
service offered by Coliseum. US based Netflix, which pioneered such services, is reportedly planning to enter the New Zealand market next year, adding to offerings from Australian based Quickflix, Ezyflix and the upcoming StreamCo.