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Premier League eats into Sky revenues according to : broadbandtvnews

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We will quote to you most important and trendy news about soccer of the best sport sites Like : “broadbandtvnews” and the most famous Critics sports : Julian Clover

daily : 2017-01-26 & on time : 9:35

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Premier League eats into Sky revenues

Premier League eats into Sky revenues

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Sky added over 100,000 new customers in the last three months of 2016 including the highest growth in Italy for four years.Announcing its first quarter financials, the paycaster said it had increased revenues by 12% to £6.4 billion.But operating profit of £679 million was down £65 million, despite a £314 million hit in increased Premier League costs.

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Sky revenues boom but rising Premier League costs take toll on profits

Sky revenues boom but rising Premier League costs take toll on profits

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Sky: revenue in the UK and Ireland up 5% to £4.3bnRevenue in the UK and Ireland was up a healthy 5% to £4.3bn, but the business’s other two regions – Germany/Austria and Italy – each accounted for a larger share of the total growth.Revenues in Germany/Austria were up 31% to £907m, while Italy grew 30% to £1.2bn.Both figures were helped by the fall in the value of the pound against the Euro – at constant exchange rates, Germany/Austria grew 10% and Italy 9%.

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Sky upbeat about financial performance despite hike in Premier League costs

Sky upbeat about financial performance despite hike in Premier League costs

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PAY-TV giant Sky has seen its half-year earnings fall 9 per cent after being hit by a big hike in the costs of broadcast rights to Premier League football matches.The group reported underlying operating profits of £679 million for the six months to December 31, following a £314 million rise in Premier League costs.Jeremy Darroch, group chief executive of Sky, said: “In a year in which we are absorbing significantly higher programming costs, as a result of the step up in Premier League costs, our financial performance has been good.”

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Sky ditches dish as Premier League hurts profits

Sky ditches dish as Premier League hurts profits

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Sky has revealed that the rising cost of Premier League television rights due to competition from the likes of BT Sport has hit profits hard, as Rupert Murdoch’s broadcasting group announces a landmark move to stop the flow of subscribers away from its service.Its “churn rate” – the percentage of customers that cancel subscriptions – for the last six months of 2016 was 11.6%, up from 10.2% in the same period the year previous.To combat this, Sky will now offer its full TV service without the need for a satellite dish, allowing it to target as many as six million European households that have been unable to accommodate a dish.

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Sky shells out an extra £314m on Premier League rights

Sky shells out an extra £314m on Premier League rights

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Forking out millions of pounds for broadcast rights to Premier League football matches has led to a 9 per cent slip for Sky’s half-year earnings.The telecoms and TV giant’s total operating profits in the last six months of 2016 were down £65million on a year earlier, coming in at £679million.As part of a £5billion deal in 2015, Sky spent an additional £314million on Premier League broadcasting rights in the final six months of last year.

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