Join our daily newsletter At The Bell to receive exclusive market insights
- Sky Network are looking to develop an in house streaming service. Going forward with this plan the company has decided to scrap releasing the puck device
- A new sports app is set to be released in August and a number of upgrades to Sky’s featured channels are underway
- Sky’s share price is fractionally down by 0.44 per cent today, currently sitting at $1.14 per share.
Sky Network is working towards launching its own streaming service.
Company CEO Martin Stewart reaffirmed Sky’s focus, as it joins the long list on companies venturing to deliver streaming platforms.
“From my first day at Sky I have talked about how streaming services are our future,” Martin said.
The company is working to deliver a service which appeals to the masses.
Sky’s streaming service will be made available to owners of a Sky box. According to the company, hundreds of thousands of New Zealanders have one in their home.
An online option for streaming will also be implemented for those without the Sky box.
Martin explained Sky’s technological roadmap has been closely examined, which is driving the current focus. Emphasis will be placed on securing competitive content and refining the way it is delivered.
Going forward, Sky has decided to abandon plans to release its puck device which was introduced by Martin’s predecessor John Fellet.
The puck device, compared to an Apple TV box in size, was intended to remove the need for a satellite dish and deliver Sky’s channels online.
Justifying his decision to scrap puck, Martin explained customers interested in watching sports and entertainment from the set-top-box are well served by My Sky.
To come in August, Sky is releasing a new sports app which will feature new content, pricing and features.
Additionally, Neon and Sky Go are set to receive an upgrade which will increase choice and the way content is watched.
For customers with Sky boxes connected to the internet, they will have growing access to HD and sports channels.
Sky’s share price is fractionally down by 0.44 per cent today, currently sitting at $1.14 per share.
