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Sky CEO Dana Strong Explains Why She Decided to “Double Down and Go Long” on Sports
Comcast-owned European pay-TV, media and telecom giant Sky has made a full-court press to lock down sports rights longer-term due to the benefits of sports content, CEO Dana Strong told a London conference on Tuesday.
During a fireside chat at Deloitte’s Media & Telecoms 2024 and Beyond Conference, she was asked about Sky’s sports strategy. “I am pretty passionate about sport,” and Sky has “extraordinary strength” in the field, she said.
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About 18-24 months ago, “we really decided to double down and go long on sport,” Strong shared. That has helped build “a strategic moat” around sports, she said. “Sport matters because it is resilient,” more so than other forms of linear TV. It matters to consumers and communities, she added.
Also, “we have a very, very sophisticated monetization machine for sport,” including pay-TV and streaming, Strong also argued. “Sky likes to be culturally relevant” and be part of “moments,” she added. Sports viewership is up 17 percent over the past year, including among women and young audiences, thanks to a big strategy of “expansive fandom,” the Sky CEO shared.
Discussing Sky’s content strategy, including originals, acquired and licensed Strong said the focus is on ensuring value for consumers. Original productions include tentpole content, such as the upcoming The Day of the Jackal, that can drive people to subscribe to Sky, perennial programming, such as Gangs of London, that retain and bring back consumers, plus “content that takes people by surprise,” such as The Tattooist of Auschwitz and Mary & George. Tattooist had higher episode 1 viewership than for episode 1 of season 4 of Succession, Strong shared.
About the future of Warner Bros. Discovery’s content deal with Sky, given WBD has been looking at launching Max in the U.K. when the companies’ current output deal expires at the end of 2025, Strong said its content would continue to be available on Sky in some way or form “in any scenario.”
Late last year, Strong expressed optimism about Sky being able to continue its role as the home of HBO and Max in the U.K. and bullish about its business opportunity in Germany. Her comments came after recurring market chatter about a possible sale of the firm’s Sky Deutschland unit in Germany and discussions about WBD’s future strategy.
Among the other big names presenting at the Deloitte conference on Tuesday were the likes of Netflix, represented by co-CEO Greg Peters, Warner Bros. Discovery’s Andrew Georgiou, and Walt Disney’s Jan Koeppen.
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