Italy’s Serie A desperately fighting football rights deflation

Results of the league’s new call for tender for its 2018-21 broadcasting rights will be unveiled on 22 January. The platform-based packaging was reviewed after last year’s aborted auction, apparently to accommodate loss-making Mediaset Premium, the participation of which remains nevertheless uncertain

Sky could keep its current satellite and internet coverage without increasing its outlay. We expect no major Telecom Italia (TI) or GAFA bid

Premier League auction developments: more is less

BT and Sky’s content cross-wholesaling deal much reduces their risks of losing packages in the upcoming Premier League auction, with most of the strategic platform value of exclusive sports rights now wiped out

The PL auction structure offers more games but less value, with the two smaller packages particularly unattractive, which cleverly nudges BT to retain a more expensive package, and thus most of its spending, if it wishes to downsize

Facebook's dwell time question at home

Almost half of Facebook’s impressive revenue growth and turnover is still reliant on the US, where user growth has slowed down

Among GAFA platforms, Facebook’s core business is the one most directly dependent on dwell time, but the metric for the crucial home market is clouded in mystery

The company has yet to create significant compensating revenue streams outside display advertising, raising the importance of international markets for Facebook’s future

Video on demand insights: Netflix, Amazon and the iPlayer

Even with the decline in linear television viewing, online video remains a small component of total video consumption. The growth area is unsurprisingly SVOD; subscription video now makes up about two thirds of the UK's digital video spend.

Netflix is moving from an aggregator of content to a "channel" in its own right, increasing proportionate spend on original programming, something that the public service broadcasters are unable to do for differing reasons. Amazon had a tough 2017 for video, and are still struggling to create a hit.

the Telegraph

15 December 2017 - 6:06pm -- Olga De Giovanni

Claire Enders was quoted in an article on Disney acquisition of most of Rupert Murdoch's 21st Century Fox business. The $66bn (£49.1bn) deal will give Disney more control of the entire entertainment value chain - ranging from producing content to getting in front of an audience. As a result, Disney is reshaping its business in order to better compete with digital rivals that have transformed how the world watches TV and films in the space of few short years. Claire said "Sky has 22.5m subscribers in Europe. That's something they are going to build on. Disney wouldn't be paying for it if they [thought] it was on the skids fundamentally".

The Times

15 December 2017 - 6:05pm -- Olga De Giovanni

Claire Enders was quoted in an article on 21st Century Fox’ takeover of Sky, which will proceed as planned despite Disney’s bid. 21st Century Fox owns 39 per cent of Sky and has bid £11.7 billion for the remainder. The Competition and Markets Authority is scrutinising how the offer would affect media plurality and broadcasting standards. Opponents have argued that sexual harassment scandals at Fox News rendered the group unfit to own Sky. However, Claire said “the minister is no longer facing a whipped-up parliament making claims that the Murdochs will ‘Foxify’ Sky News”. Sky has warned that it could shut down its loss-making news channel if the watchdog blocked the takeover. Concerns have been raised about Disney’s long-term commitment to subsidising a loss-making news network given the US group’s prime focus on profit-making family entertainment. Claire added “Disney does not run vanity businesses. We can clearly see from the announcement that Disney is planning to take several billion dollars out of the combined costs. I presume one of the cost savings they will seek to effect over time is the elimination of the losses at Sky News and Sky Sports. I would have thought that in two years’ time, Sky News will be subject to pressure to reduce losses and cut its costs”.


15 December 2017 - 4:24pm -- Olga De Giovanni

Alice Enders was quoted in an article on the Disney Fox deal. The U.S. entertainment giant announced Thursday that it will spend $52.4 billion to swallow most of 21st Century Fox, including its minority stake in British pay TV provider Sky. However, long before it was for sale, Fox struck a $15 billion deal to buy the 61% of Sky it didn't already own. The takeover -- inked a year ago -- has repeatedly been delayed due to a U.K. government review and its future is in doubt. Alice said "this whole thing has snowballed with delays. The politics of the situation are very demanding". Moreover, Disney said in a statement on Thursday that Fox "remains fully committed to completing the current Sky offer" and expects the purchase to be finalized by June 2018. When the Disney deal closes, it would then assume full control of Sky. But the prospect of further delays looms large. Alice added that if Disney -- and not Fox -- were to make a future bid, the political opposition would "melt away."

Recruitment classified marketplace

A strong UK labour market, with record low unemployment but historically high vacancies, has supported growth in the recruitment industry, though trends may be peaking as we reach unknown territory. These trends play out in the recruitment market before they become apparent in the labour market

Despite the fragmentation of the online recruitment listings marketplace, Indeed is well-placed to dominate this space due to its increased scale and aggressive investment strategy


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