Fat Prophets
Sky’s on-demand product is NOW TV and is due to be launched before the end of June. It would allow users to take small parts of the overall Sky package and buy content on-demand as well as by subscription. The service will be distributed through the internet and so opens up Sky’s services to customers who just want Sky movies for example and/or just want internet delivery.
This service helps take the fight to the competition and helps widen the potential customer base. This is as Netflix has a £6 all you can watch movie package and Lovefilm has a £5 a month movie deal. Netflix is an independent US firm while Lovefilm is owned by Amazon which potentially gives both deep pockets.
After finding firm support at the 78.6% Fibonacci retracement region, prices have bounced firmly higher to break above both the 50 and 200 day moving averages. Momentum is now geared to the upside, with target levels towards the 750 then 775p region.
June 2012 | www.financial-spread-betting.com | 49