Ugh. GB ‘News’. Because Sky News just isn’t enough.
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still surprised they haven’t the most obvious one to Binge, let’s just call it F News, depending on everyone’s political leanings, they can decide what the F stands for
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I didn’t realise Foxtel had moved its HQ until I saw the TV Tonight article.
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As TVT points out, it appears they’re retaining Macquarie Park/North Ryde too
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Hubbl integrated into DAZN if the deal goes through
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I expect Branding like “Hubbl by DAZN” initally and eventully the Hubbl name dropped
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I wouldn’t think so. The product is Hubbl. The company is Foxtel.
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nah they just have the exclusive broadcast rights to the Riydah Season of various sports
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I’ll be interested in when this closes, but i expect DAZN’s channels to be rolled into Kayo
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I wonder what we can expect from a restructure. Hopefully Delaney is put out to pasture. Perhaps binge is bought out by someone else and DAZN fold in Kayo to their existing business.
With News Corp out of the way hopefully the NRL will go in another direction come 2027 with the new rights agreement.
With Netflix now in the sports streaming business you’d wonder what plays they’ll make locally.
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Foxtel Group welcomes News Corp and Telstra agreement for DAZN to acquire Australian sports and entertainment leader
DAZN Foxtel Group Transaction - Key Points
- DAZN committed to Australia including maintaining a local head office, local leadership and local sports and entertainment production.
- Strengthens the Foxtel Group’s ability to continue its transformation and compete with local and international streamers.
- Provides more international sports for Foxtel and Kayo subscribers and new opportunities to bring Australian sport to DAZN’s global audience.
- Transaction values the Foxtel Group as a streaming-led business with an enterprise value of A$3.4 billion representing more than 7 x Fiscal 2024 Foxtel EBITDA.
- News Corp and Telstra will remain involved as shareholders in DAZN.***
The Foxtel Group today welcomed an agreement announced by its shareholders – News Corp and Telstra – that will see DAZN, a premier global sports streaming platform, acquire 100% of the Australian subscription television company.
Commenting on the agreement, Foxtel Group CEO Patrick Delany, who will continue as CEO following DAZN’s acquisition, said: “This acquisition is a significant step forward in the Foxtel Group’s transformation as a leading sports and entertainment streaming provider in Australia.
“We are excited to be joining the DAZN family and to have them backing the Foxtel Group‘s strategy and our team. It means we will remain a proudly Australian-based business with local character, local management and local sports and entertainment production.
“DAZN is a global leader in sports, and being part of a dynamic global streaming group will create new growth options for the Foxtel Group and new value for subscribers and partners.
“When the transaction completes next year, DAZN’s ownership will provide us with access to global reach and the infrastructure and technology to support our continued transformation and allow us to continue to compete effectively with the global streaming giants.
“We are grateful to News Corp and Telstra for their unwavering support over the past 30 years. With News Corp’s guidance and support, we have reinvented the Foxtel Group as a growth business with 4.7 million subscribers, a dynamic digital advertising business and strong revenues and EBITDA.
“We are pleased that News Corp and Telstra will remain involved with a shareholding in DAZN.”
The Foxtel Group will maintain its head office in Artarmon, ensuring a strong local presence to oversee its sports and entertainment businesses and provide customer service for its key consumer brands - Foxtel, Kayo, BINGE and Hubbl.
Shay Segev, Chief Executive Officer of DAZN, said: “Australians watch more sport than any other country in the world, which makes this deal an incredibly exciting opportunity for DAZN to enter a key market, marking another step in our long-term strategy to become the global home of sport.
“Foxtel is a successful business that has undergone a remarkable digital transformation in recent years, and we are confident that our global reach and relentless pursuit of innovation will continue to drive the business forward and ensure its long-term success.
“We are committed to supporting and investing in Foxtel’s television and streaming services, across both sports and entertainment, using our world-leading technology to further enhance the viewing experience for customers.
“We are also committed to using our global reach to export Australia’s most popular sports to new markets around the world, just as we have done with the NFL, and we will continue to promote women’s and under-represented sports.
“We’re looking forward to working closely with Patrick Delany and his team, as well as News Corp and Telstra as shareholders in DAZN, to realise our ambitious vision for the future of sport entertainment.”
DAZN’s acquisition of the Foxtel Group is expected to close in the second half of fiscal 2025, subject to regulatory approvals and other customary closing conditions.
*** News Corp will hold a minority equity interest in DAZN of approximately 6% as well as one seat on the DAZN Board. Telstra will take a minority stake in DAZN of approximately 3%.
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Well that was quick. 
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