Seven West Media

I believe the Government now own the building and bought it from the owners which Seven have always rented. This is due to the Docklands revival that’s going to happen to include opening the stadium concourse to the water as well as a hotel to be built there. The government have acquired AFL house as well for this and have given the AFL free land elsewhere in Docklands for them to build on.

I’ll find the article.

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Yes please :+1:

This one explains the leasing

https://www.google.com/amp/s/amp.theurbandeveloper.com/articles/development-victoria-buys-seven-melbourne-hq-for-100m

It was always a long standing joke that the top floor has empty floor space that wasn’t used. Seven didn’t want to use it because for every m2 they did use it ups the rent so department areas were crammed in to smaller spaces.

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Thanks for finding that.
Almost 2 years ago now.
I believe 7 still has another 2-3 years lease at BCM?

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Correct :slight_smile:

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When the then Colonial Stadium was constructed in the late 90s / early 2000s, weren’t the adjacent/connecting buildings (AFL HQ and BCM) part of that development?

There’s a picture there where they have 2 UHF Fazed Array to get reception.

Yes

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With Central Pier closed for good now who knows if the redevelopment will still go ahead

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It will be rebuilt…
Anyway we are getting off topic now haha

Will be interesting to see if seven extend their lease or will move in the next couple of years to a smaller facility.


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Has Seven got some of the Disney hits back? They have monsters university on 7flix tonight; which is a Disney Pixar movie? And Guardians of the Galaxy tomorrow night?

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It seems to be the case.

They never lost them…

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Both Cool Runnings and Monsters University were on Nine Last year. So nine gained them from seven and seven have now gained them from nine? :thinking:

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Cool Runnings and Monsters University have not aired on Nine, they were on Seven last year, the year before…

(Monsters Inc was on Nine however).

They’re from Seven’s old Disney output, still running for a handful of back-catalogue titles. I’d imagine it’s nearing the end.

Though (in probably a separate deal) Seven still have an active relationship with Disney, currently airing first run Greys Anatomy on 7flix, as well as a few other ABC shows they’ve renewed (but buried).

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Thanks Sully. :+1:

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That’s a good article, thanks for posting. Really shows how much shit Seven are in, unless Stokes swallows his pride and bails them out. He is worth $6bn, and the SWM market cap is $130m. (EDIT forgot to consider the $500m in debt he’ll need to sort out :expressionless: )

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He needs to do that for them to survive. Not to mention clean up the overheads department that is currently running the network.

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As the article implies, Kerry and Ryan Stokes will have to combat a mutiny by the smaller Seven Group shareholders if they try to have that company bail out Seven West. Kerry Stokes may have to put his own money in. But would he be prepared to potentially flush half a billion dollars down toilet to rescue Seven West?

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