Ann: Quarterly Activities and Cashflow Report, page-21

The recent Q states that with the global Fox Sports on board, it provides validation for the SYT platform. A closer look at Fox in South America suggests is itself in a bit of a mess. Disney 80% and Hearst 20% (remember Patty) bought out Fox for $71b. The subsidiary Disney Media Networks now owns ESPN, the overseer of Fox Sports of many South American countries including Argentina, Columbia, Chile, Mexico and Uruguay. It was announced in December that Disney, if a buyer couldn't be found, Chile Peru and Uruguay .would go off the air. Brazil and Mexico are the last stumbling blocks to the Disney Fox takeover. Both Governments have declined to approve the merger but it is reported negotiations are continuing. This is an important issue for SYT against the background of uncertainty across the continent. Both Brazil and Mexico are now independent of ESPN. But what could happen if Disney completes the merger in those countries. (seems crucial issue for the 36% revenue its gets through the CMP platform with these two countries). Secondly, with other Fox channels having difficulties could SYT look to an expansion into select neighbouring countries.
I asked SYT.
The reply was almost immediate (very impressive)
Yes it is correct that negotiations between Disney, Fox and the respective Governments are "fluid and uncertain. However whatever the outcome SYT has distribution rights in both countries that would survive . Secondly expansion into other countries have start up costs and it is not likely SYT will pursue expansion this financial year.