Brief: Spark New Zealand Says Spark Sport To Exit In HY23 Via Content Partnering Agreement With TVNZ

Spark New Zealand

16/12/2022 01:09

Dec 16 (Reuters) - Spark New Zealand Ltd  SPK.NZ :
    * ANNOUNCES EXIT OF SPARK SPORT IN SECOND HALF OF 2023
THROUGH
CONTENT PARTNERING AGREEMENT WITH TVNZ
    * AS A RESULT OF CHANGES, SPARK WILL RECOGNISE A ONE-OFF
PROVISION
OF NZ$52 MILLION IN FY23
    * NOTED ESCALATING CONTENT RIGHTS COSTS & RANGE OF
INVESTMENT
OPPORTUNITIES ACROSS ITS BUSINESS AS KEY DRIVERS OF DECISION

Further company coverage:  SPK.NZ 
 ((Reuters.Briefs@thomsonreuters.com;))