No seller’s regret for Spark CEO in Lightbox exit

Thu, 20 Feb 2020

New Zealand only has room for one general entertainment streaming service, and Spark wasn’t the natural owner, according to chief executive Jolie Hodson.The country’s biggest telecommunications company sold Lightbox to Sky Network Television for $6 million-plus the fair value of prepaid content rights. As part of the deal, Spark will continue to make Lightbox available to its customers.Hodson told analysts yesterday that New Zealand only had room for one local player in the general entertainment streaming video-on-demand market.“We’re not the b...

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