Sky evolves entertainment content offering

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17 February 2026


Sky evolves entertainment content offering
Sky announces it will not renew its agreement with Warner Bros. Discovery (WBD) in relation to HBO
Max content when the current agreement concludes mid-June 2026. Sky has decided not to pursue a
co-exclusive content arrangement as WBD prepares to launch its direct-to-consumer service in New
Zealand.
Sophie Moloney, Sky Chief Executive, said: “We have carried out an extensive review of our content
as part of a broader entertainment strategy refresh. As with our sport content, we’ve used a
data‑driven approach so we understand exactly what our customers watch and value across our
combined portfolio. That work has led us to a strong conclusion: this is the right decision for Sky’s
customers, and for our shareholders.”
“We are focused on delivering a compelling and diverse range of content that we know our
customers love, through a broad range of studio partnerships including Paramount, BBC, Studiocanal
and Sony, to name a few. We have taken steps to redefine and strengthen our entertainment
content pipeline to deliver on our strategic ambitions, including the recently-announced expansion
of our agreement with Paramount.”
Sky has an ongoing partnership with WBD for channel portfolio content including the Discovery,
Discovery Turbo, TLC, ID, Animal Planet and CNN International channels on Sky, as well as a
Transitional Service Agreement following the acquisition of Discovery NZ.
Ends
Authorised by: Kirstin Jones, Company Secretary

Investor queries to: Media queries to:
Amanda West Karina Healy
Head of Investor Relations & Corporate Sustainability Head of Corporate Affairs
Amanda.West@sky.co.nz Karina.Healy@sky.co.nz