Belfast Telegraph

Game of Thrones broadcaster feels chill as Premier League costs bite

By Ravender Sembhy

Sky has reported a fall in full-year profits after it was stung by an increase in the cost of broadcasting live Premier League football. The Game of Thrones broadcaster saw operating profits slip 6% to £1.4bn in the year to June 30 after absorbing £629m of costs linked to its deal to show England's top-tier football.

Revenues climbed 5% to £12.9bn, despite Sky pointing to a weaker UK advertising market.

The financial results came as it added 280,000 customers in the UK.

Group chief executive Jeremy Darroch said the results underscored Sky's "growth and development" and also announced plans to create 300 new technology roles.

He added: "Sky's growth and development has continued to be strong in 2017.

"We are creating 300 new technology roles to further enhance our capability to deploy in and out-of-home streaming platforms."

Belfast Telegraph