Author: roymorgansocial

Netflix under pressure over local content

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Original article by Dana McCauley
The Australian – Page: 24 : 7-May-18

Video streaming service Netflix is resisting attempts to subject it to local content quotas in Australia. Research conducted by RMIT indicates that just 2.5 per cent of Netflix’s Australian library is locally made. Screen Producers Australia CEO Matt Deaner says it is odd that Netflix’s US catalogue contains more Australian content than its Australian catalogue. He says that local content accounts for around nine per cent of what is shown on Stan, while also noting that Europe has local content quotas for streaming services.

CORPORATES
NETFLIX INCORPORATED, RMIT UNIVERSITY, SCREEN PRODUCERS AUSTRALIA, STAN ENTERTAINMENT PTY LTD, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, FOXTEL MANAGEMENT PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS, FACEBOOK INCORPORATED, GOOGLE INCORPORATED

Business Confidence strengthens to 118.6 before Federal Budget

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Original article by Roy Morgan
Market Research Update – Page: Online : 7-May-18

In Australia, Business Confidence rose 3.2pts (+2.8%) to 118.6 in April 2018, according to the latest Roy Morgan Business Single Source survey. Business Confidence is now 2pts higher than a year ago, continuing its best start to a year since 2014. Business Confidence traditionally increases in April in the run-up to a Federal Budget, and it has now increased in five out of eight years in April. However, recent history shows that expectations are not generally met and Business Confidence has declined in six out of seven years in May. Now a record high 52.3% (up 13.6ppts) of businesses say their business is "better off" financially than this time last year, and a record high 59.4% (up 8.2ppts) say the business will be "better off" financially this time next year. Meanwhile, 52.6% (up 0.3ppts) of businesses expect "good times" for the Australian economy over the next year, and 51.6% (up 2.6ppts) expect "good times" for the economy over the next five years.

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ROY MORGAN LIMITED

ANZ scraps product-linked bonus score

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Original article by Alice Uribe
The Australian Financial Review – Page: 15 & 19 : 7-May-18

The ANZ Bank has announced that it will sack financial planners who twice fail a compliance audit, as the banking royal commission continues to reverberate among Australia’s 25,000 financial planners. ANZ has also announced that it will abolish product-linked bonuses for its financial planners, with CEO Shayne Elliott stating that the problems that the royal commission has revealed regarding financial planners have been created by a structure that rewards them for selling products.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, IOOF HOLDINGS LIMITED – ASX IFL

Rinehart’s Roy Hill exports yo-yo in a struggle for consistency

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Original article by Peter Ker
The Australian Financial Review – Page: 17 : 7-May-18

Roy Hill Holdings has indicated that its iron ore export volumes in April 2018 were consistent with its target of shipping 55 million tonnes a year. Although Roy Hill does not usually release data on its export volumes, Port Hedland statistics suggest that it shipped less than 11.7 million tonnes in the March 2018 quarter, which implies an annualised rate of around 47 million tonnes. Peter O’Connor of Shaw & Partners says the end of the cyclone season should enable Roy Hill to achieve its target run rate over the next three quarters.

CORPORATES
ROY HILL HOLDINGS PTY LTD, PORT HEDLAND PORT AUTHORITY, SHAW AND PARTNERS LIMITED, BHP BILLITON LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, ATLAS IRON LIMITED – ASX AGO, MINERAL RESOURCES LIMITED – ASX MIN, BCI MINERALS LIMITED – ASX BCI

How Nine Entertainment turned TV’s summer of sport on its head

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Original article by Max Mason
The Australian Financial Review – Page: 31 : 7-May-18

There were a number of compelling reasons for Nine Entertainment Company to drop its cricket coverage in favour of a six-year deal to broadcast the Australian Open. Tennis is a better fit for Nine’s audience demographic, while the broadcasting rights and production costs are substantially lower. Timing also played a role; Nine commenced talks with Tennis Australia on 14 March, after Seven West Media’s exclusive negotiating period had expired. Meanwhile, Cricket Australia had issued its tender documents for broadcasting rights in early March, with bids to submitted by 19 March. Nine CEO Hugh Marks had hoped to finalise a deal with Cricket Australia by October 2017, and he says the delay allowed Nine to make the decision to switch from cricket to tennis.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NINE NETWORK AUSTRALIA LIMITED, AUSTRALIAN OPEN TENNIS, TENNIS AUSTRALIA, CRICKET AUSTRALIA, SEVEN WEST MEDIA LIMITED – ASX SWM, SEVEN NETWORK LIMITED, TEN NETWORK HOLDINGS LIMITED, FOX SPORTS AUSTRALIA PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Bendigo Bank customers are most satisfied of the largest banks

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Original article by Roy Morgan
Market Research Update – Page: Online : 7-May-18

New research from Roy Morgan shows that customer satisfaction with Australia’s banks in the six months to March 2018 was 80.9%, down from 81.0% in February. This level still represents a positive result when seen in the context of the long-term monthly average of 73.8% since 2001. Bendigo Bank retained the highest satisfaction rating among the 10 largest consumer banks with 87.5% (down slightly from 87.8% in February). BankWest showed the biggest improvement in satisfaction, up 0.9% to 84.6%, followed by ING (up 0.8% to 87.1%), St. George (up 0.7% to 84.6%) and ANZ (up 0.3% points to 78.7%).

CORPORATES
ROY MORGAN LIMITED, BENDIGO BANK, ING BANK (AUSTRALIA) LIMITED, ST GEORGE BANK LIMITED, BANK OF WESTERN AUSTRALIA LIMITED, BANK OF QUEENSLAND LIMITED – ASX BOQ, WESTPAC BANKING CORPORATION – ASX WBC, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

The way Australians bank

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Original article by Roy Morgan
Market Research Update – Page: Online : 7-May-18

A Roy Morgan Single Source survey shows that ATMs remain the most used banking channel in Australia, with 83.4% of Australians aged 14+ using an ATM in the year to March (down 0.8%). Internet Banking is the second most used banking channel, with 54.2% using Internet Banking in the last 12 months (down 2.0%). The rapid increase in the use of mobile banking, with its higher satisfaction levels compared to branches, appears to have affected the number who use it compared to visiting a branch. Mobile banking usage is at 46.5% (up 3.1%), beating visiting a branch at 45.1% (down 3.5%). Phone Banking also saw an increase on 2017, with 24.1% of Australians aged 14+ using Phone Banking (up 1.6%).

CORPORATES
ROY MORGAN LIMITED

Part-time employment hits record high and 1.35m now under-employed

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Original article by Roy Morgan
Market Research Update – Page: Online : 7-May-18

A Roy Morgan survey shows that 11,962,000 Australians were employed in April 2018 – an increase of 46,000 over the last year. The increase was driven by part-time employment, which rose 154,000 to a record 4,454,000; full-time employment was down 108,000 to 7,508,000. The figures also show that 1,196,000 million Australians were unemployed (9.1% of the workforce) in April, a decrease of 88,000 (down 0.7%) on a year ago. In addition, 1,349,000 Australians (10.2% of the workforce) are now under-employed, working part-time and looking for more work, a rise of 259,000 in a year (up 1.9%). Roy Morgan’s real unemployment figure of 9.1% for April is substantially higher than the current ABS estimate for March of 5.5%. Roy Morgan CEO Michele Levine says the continuing strength in part-time employment is causing under-employment levels to spike from already high levels, and it is imperative that the May 2018 Federal Budget seriously considers the continuing high levels of unemployment and under-employment.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Optus subscriber growth powered by EPL coverage

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Original article by Roy Morgan
Market Research Update – Page: Online : 7-May-18

A Roy Morgan Single Source survey shows that 20.9% of Australians aged 14+ used Optus as their main mobile phone service provider in the year to March 2018, compared with 19.8% in the year to March 2015. The number of Optus subscribers who watch the English Premier League either regularly or occasionally on TV has risen from 19.8% to 23.8% over this period. Meanwhile, 12.2% of Australians now use Optus as their fixed broadband service provider, up from 9.3% three years ago, while 15.5 % of Australians who watch the English Premier League either regularly or occasionally now use Optus fixed broadband, up from 10.8% three years ago. Optus signed a three-year broadcast deal for the Australian rights to the English Premier League in late 2015 for $A63 million per year, and it recently renewed the deal for a further three years.

CORPORATES
ROY MORGAN LIMITED, SINGTEL OPTUS PTY LTD, ENGLISH PREMIER LEAGUE

Banks lower now than during GFC: Costello

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Original article by James Thomson, Tom McIlroy
The Australian Financial Review – Page: 5 : 4-May-18

Corporate Australia is getting tarnished by the banking royal commission, according to former federal treasurer Peter Costello. He says the banks survived the global financial crisis so unscathed that they became complacent, while the likelihood that the federal government’s full company tax cuts package will be passed by the Senate is looking highly unlikely because of the royal commission. James Pearson, the head of the Australian Chamber of Commerce & Industry, says companies in other sectors should not have to miss out on tax cuts because of failings in the financial services sector.

CORPORATES
AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, AUSTRALIA. DEPT OF FINANCE, BUSINESS COUNCIL OF AUSTRALIA