The nature and timing of the new agreement will see Sky recognising a one-off, non-cash acceleration of programming amortisation of $6 - $7m, and, at the same time, Sky will receive a cash payment of $4 - $5m from WBD for prepaid content at the 30 October 2024 launch date. This agreement will generate a Free Cash Flow upside in H1 FY25, with the finalised financial impacts to be flowed through at the Half Year.