Sky Network Television, Warner Bros. Discovery Announced Partnership Expansion Confirming Sky As Exclusive Home Of Max In New Zealand
Portfolio Pulse from Benzinga Newsdesk
Sky Network Television and Warner Bros. Discovery have expanded their partnership, making Sky the exclusive home of Max in New Zealand. The agreement involves a non-cash programming amortisation of $6-$7m and a cash payment of $4-$5m from WBD, impacting Free Cash Flow in H1 FY25.
October 21, 2024 | 10:10 am
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Warner Bros. Discovery has expanded its partnership with Sky Network Television, making Sky the exclusive home of Max in New Zealand. This deal includes a cash payment to Sky and will impact WBD's financials positively in H1 FY25.
The partnership expansion with Sky Network Television is likely to enhance Warner Bros. Discovery's market presence in New Zealand. The cash payment to Sky and the expected positive impact on Free Cash Flow in H1 FY25 suggest a favorable short-term financial outcome for WBD.
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