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Originally Posted by 1andrew1
Sky has done well with its EOne, Studio Canal and Paramount deals. I do think the loss of Fox and Disney films with their well-known franchises is noticeable and Amazon's acquisition of MGM won't help matters as far as James Bond goes.
Sky must be hoping to do some sort of deal with Warner Bros be it exclusive or non-exclusive. Warner needs the money so Sky should be in a good position here.
But I agree that Covid led to a reduction in filming and that's feeding through into fewer releases.
---------- Post added at 09:13 ---------- Previous post was at 09:05 ----------
ITV Extra also provides other benefits to ITV:
- Opportunity to charge viewers for no adverts
- Opportunity to have a direct relationship with subscribers and market to them
- Targets younger people who watch on phones more than TVs
- Hope that once people are in the ITV Extra app, they will watch more ITV content and not channel hop to the BBC, Channel 5 etc.
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I do think if Sky did end up losing/letting go a bunch of output deals, any changes to their movie proposition would be a far more dramatic change than reducing a linear genre channel or two - more like an entire structural change to how they offer movies across their propositions and to their carriage partners like Virgin.
No doubt that the loss of the Disney deal is noticeable - and was to be expected and honestly I think the loss of Bond isn't that significant given the paucity of new product from that franchise anyway... and I am inclined to agree with Warner; they're going to stay in business in some way whether it's a Paramount-esque streaming deal or they take advantage of their current predicament and offer them a ton of cash for an extended output deal post 2025.
A lot of people give them shit for their 'Sky Original' movies but it was the correct strategy at the correct time especially as there was a need for more exclusive product as the overall number of studio titles started dropping pre-covid and also got them access to a few titles that were sold by distributors who couldn't get them out theatrically... and it's a good thing they're still leaning into it whether it's just acquiring titles or actually boarding them at the production level... also it was quietly announced this week that one of their titles, A Good Person, looks like it's going to have an exclusive theatrical window... that's a real big deal if they want to continue scaling and play for some bigger titles that are taken to market.