Sky has announced that it has sealed a new content deal with HBO to not only continue to show the US giant’s output but also partner in making programmes, as the UK broadcaster’s latest figures show that competition is impacting on its profits.
Content is king for the big television platforms, and BT’s decision to compete in showing top flight English football has brought a major new competitor to Sky to the fore.
However, Sky is hoping that its entertainment portfolio, including the HBO content that is shown on the Sky Atlantic channel can help stave off the threat, and the new deal is a clear indication that it is taking the fight back to BT.
Game of Thrones
HBO produces some of the most popular programmes on UK subscriptions television, including Game of Thrones, Boardwalk Empire and classic shows such as The Sopranos.
The extended output deal is a multiplatform one, allowing for online and mobile viewing through the Sky Go service, and the pay-per-view Now TV platform.
The company’s battle with BT is put in context by the latest financial results, with operating profit down by 16,8 per cent, although the company is highlighting the rise in connected set top boxes and on demand viewing.
In fact, figures are better than was widely expected, driven by a new raft of subscribers in the past six months.