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.
Sky Network Television, Warner Bros. Discovery Announced Partnership Expansion Confirming Sky As Exclusive Home Of Max In New Zealand
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