Satellite dish: a thing of the past

 

The pay TV Company, Sky is planning to make all its channels and content available online so that customers will no longer need a satellite dish on their property.

Sky hopes by making its hundreds of channels more widely available will increase both revenue and profits.

Italy will be first to get all Sky channels online, followed by Austria and UK. Sky’s move is a direct response to greater competition from the like Netflix and Amazon streaming services

According to Sky, more customers are taking its prem, um Sky Q box and a “more displined and targeted approach to discounting.”

Now TV offers sports, movies and entertainment channels over the internet a lot cheaper than through a Sky subscription.

However, Sky retail customers rose by 255, 000 to 12.9 million in the UK and Ireland, while Sky added 365, 000 new customers to bring the total to 22.9 million.

Sky shares rose 1 per cent to £10,33 in the morning trading in London, valuing the company at £17,7 bn.