AFR Article - Big Review TV directors 'likely' breached duties: administrator, page-17

I agree with all your points, there is still some hope BIG will/can trade again.

However, I question how profitable it can ever be with the added expense of having to pay content licence fees back to ASCV?

The only hope is that they can start generating their own content again, or really be successful with finding ways to monitise the existing content (pillar 2 / 3 of the original strategy)