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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  SKY PLC    SKY   GB0001411924

SKY PLC (SKY)

Delayed Quote. Delayed  - 02/28 11:17:58 am
996.6194 GBp   +0.06%
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British Sky Broadcasting Group plc : Convert your TV into a 'smart TV' for under £10 with the brand new NOW TV box

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07/26/2013 | 09:06am CET

26 July 2013
Convert your TV into a 'smart TV' for under £10 with the brand new NOW TV box

Millions of people can now transform their normal TV into an internet-connected 'smart' TV for just £9.99 with the launch of the NOW TV Box. 

Available from today at nowtv.com, the compact and easy-to-use box connects your TV wirelessly to the internet.  Once connected, homes with the NOW TV box will enjoy convenient and contract-free access to BBC iPlayer,  Demand 5, BBC News App and Sky News, plus NOW TV - offering instant access to Sky Sports and Sky Movies. They can also access other popular online services such as Facebook and Spotify - all delivered over broadband to the big screen TV.

Despite the explosion in connected devices such as Sky set-top boxes, games consoles and connected TVs, there are still up to tens of millions of regular TVs in the UK that cannot currently connect to the internet.  The NOW TV box provides an affordable and simple way for any broadband-connected home to join the online TV revolution.

Until now, unless receiving catch-up as part of a pay TV subscription, consumers have needed to pay tens or even hundreds of pounds to purchase internet-streaming devices to watch catch-up TV on a regular TV.  With the new NOW TV Box, for less than a tenner, customers can access the best in catch-up TV.  But on top of this, they also have the opportunity to upgrade to access live sport and on demand movies from NOW TV. 

Smaller than a pub beer mat, the NOW TV Box measures in at a trim 84mm x 84mm x 24mm and can be up and running in minutes. Simply plug the box into your TV set via the HDMI cable provided, connect to your wireless internet connection and you're away.

The box launches as new research from NOW TV reveals the nation's ever-increasing appetite to watch what they want, when they want.  Over two thirds of Brits have now taken advantage of on demand services on their main TV sets - whether via Smart TVs or other connected devices, with  two in five of us  streaming must-see shows or settling down to a movie on a weekly basis.

Over half the nation (56%) use more traditional internet-connected devices such as tablets, smartphones or laptops to access TV on demand whilst in the home.  For these people, the NOW TV Box will offer a simple and affordable way to enjoy catch-up TV, live sport and on demand movies on the big screen.

From launch, the NOW TV Box will let people access:

  • Sky Sports: Experience the best sporting action from Sky Sports with the Sky Sports Day Pass. In the next month alone, sports fans can enjoy the climax of The Ashes series, the return of the Premier League and Football League, Formula 1® Belgium Grand Prix™, the start of Andy Murray's defence of the US Open title and much more, across 6 channels all for just £9.99 a day.
  • Sky Movies: Sign up for a Sky Movies Pass to access hundreds of films from Sky Movies - the UK's most popular subscription service - including more of the latest and biggest movies 12 months before Netflix or LOVEFiLM Instant. New customers can also take advantage of a 30 day free trial of the Sky Movies Pass and enjoy the likes of Skyfall, The Dark Knight Rises and Argo in the next month.
  • Sky News: Stay up-to-date with all the latest breaking news from Sky News. Access a 24/7 live feed of Sky News' award-winning coverage including all breaking news from home and abroad, as well as dedicated business, political and entertainment coverage.  In addition, catch up on specific stories at any time of the day via an exclusive on demand news library. 
  • BBC iPlayer: The BBC's popular video on-demand service which received 2.32bn programme requests in 2012 gives you the option to catch up on your favourite BBC programmes when you want to - and now on your TV set through the NOW TV Box.
  • BBC News app: Giving viewers access to BBC news reports, interviews and videos at the touch of a button on their TV.
  • Demand 5: Catch-up on a wide selection of Channel 5 shows for at least 7 days after they first broadcast.
  • Spotify, Facebook and flickr: Listen to music, catch up with friends and even share your photos all through your TV set.

Overtime there will be even more for people to enjoy with the addition of new content and apps to the NOW TV Box.

Gidon Katz, Director of NOW TV, comments: "Millions of people are switching on to the convenience and flexibility of on demand TV, choosing when and how they want to watch.  Now there's an easy and extremely affordable way to make every TV a 'smart TV'.  For under a tenner, the NOW TV Box offers the best terrestrial catch-up, plus pay-as-you-go access to must-see sport and the option to enjoy latest blockbuster movies on demand - all on the big screen. It's also easy for anyone to use - simply plug in to your TV, connect to your WiFi and you're away."

NOW TV is already available on PC, Mac, iPhone, iPad, selected Android smartphones, Xbox, PS3, YouView and Roku. 

More information on NOW TV is available from www.nowtv.com, or join us on Twitter via #NOWTVBox, @NOWTV and @NOWTVSport and www.facebook.com/NOWTV.

-ENDS-

For more information:
Matt Beake
matt.beake@bskyb.com

Stephen Gaynor
Stephen.gaynor@bskyb.com

On demand data sourced from Populus Home Entertainment Survey, July 2013 for Sky. The online survey carried out by Populus was completed by a nationally representative sample of 2049 people.

About NOW TV

NOW TV, powered by Sky, provides instant and easy access to hundreds of films from Sky Movies on demand, and pay-as-you-go access to live Sky Sports. Taking advantage of the rapid growth in broadband-connected devices, and building on Sky's experience in multi-platform TV, the service provides an additional choice to access and enjoy Sky Movies and Sky Sports.

NOW TV offers access to some of Sky's most popular programming.  Sky Movies is the UK's most popular subscription movies service giving access to 700 different movies on demand including up to four new and exclusive Sky Movies premieres each week. With a Sky Movies pass, NOW TV customers can choose from more of the latest and biggest movies first - 12 months before Netflix and Lovefilm Instant*. 

NOW TV also offers a flexible way to access to Sky Sports.  With a Sky Sports Day Pass customers can get pay-as-you-go access to exclusively live action from the Barclays Premier League, UEFA Champions League, Formula 1®, Test cricket, US and European Tour golf, ATP tennis, European and international rugby union and much more besides.

NOW TV is available to anyone 18 or over in the UK with a broadband or 3G connection across a wide range of connected devices including PC, Mac, selected Android smartphones, iOS devices, YouView and Xbox (the Sky Movies live channels and Sky Sports Day Pass are not available on YouView  and an Xbox 360 LIVE Gold subscription is required is required to watch NOW TV on Xbox 360).   Each device will benefits from an optimised design to deliver quality streaming with buffering minimized by the use of adaptive bitrate technology.

Currently customers can get unlimited access to movies on NOW TV with a 30 day free trial followed by a three-month introductory offer of £8.99 a month with the Sky Movies Pass.   NOW TV Customers can also get 24-hour access to all six Sky Sports channels live for £9.99 with the Sky Sports Day Pass.

*Comparison of online movie subscription services using top UK box office films from the past 18 months.

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Financials ( GBP)
Sales 2017 13 044 M
EBIT 2017 1 405 M
Net income 2017 863 M
Debt 2017 6 397 M
Yield 2017 3,30%
P/E ratio 2017 19,89
P/E ratio 2018 15,76
EV / Sales 2017 1,80x
EV / Sales 2018 1,68x
Capitalization 17 121 M
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 10,9  GBP
Spread / Average Target 9,9%
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NameTitle
David Jeremy Darroch Chief Executive Officer & Executive Director
James Rupert Murdoch Chairman
Andrew John Griffith Chief Operating & Financial Officer, Director
Didier Lebrat Chief Technology Officer
Martin James Gilbert Deputy Chairman
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