Pretty much this. Here in Australia we have a number of free to air TV channels (about 16 or so, currently), plus a few "pay TV" providers - Foxtel being the most popular/prominant - that allow people to purchase a basic channel package, or certain types of programming packages, or a full channel subscription for varying fees.
The channels/providers will purchase broadcast rights for overseas produced programs from their original providers, which may be then later picked up or additional broadcast deals made by other channels - in this case, the broadcast rights to MLP:FiM in Australia have been purchased by Foxtel and they're showing it in their "Cartoon Network" channel. Personally, I'm hoping that ABC2 or ABC3 get broadcast rights from The Hub, because that will mean free to air *and* commercial free.
I usually do an inital watch in Youtube, but I've been downloading the webrips in 720p DivX (.avi) format to watch the show with my wife on our TV, because she refuses to watch TV on a computer monitor. When I eventually get a better TV, I'll have to download the episodes in 1080p.
Mrs Dexam and I had mead at our wedding for doing the toasts and speeches, instead of champagne (we had a medieval-themed wedding).
EDIT: Now I have an OC pony idea starting to form in my mind, who's special talent is bee-keeping, honey, and honey-related products (like mead, because I can *totally* see ponies drinking mead!)
Now... what to name this OC pony?