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Foxtel to shut down Presto, revamp own streaming service
2016-10-04 08:30:00| Telecompaper Headlines
(Telecompaper) Australian pay-TV provider Foxtel is revamping its streaming service Foxtel Play from December. Foxtel CEO Peter Tonagh said Foxtel Play will be a "simpler, cheaper and more flexible IP delivered product", similar to HBO Now in the US and Now TV by Sky in the UK. The new service will have five entry-level tiers, including two options for drama priced at AUD 15 per month each or AUD 25 for both, and at the AUD 10 per month level, an option for Lifestyle, one for Documentary and one for Kids. In addition, customers will be able to take the Sports tier for an extra AUD 25 per month and the Movies tier for an additional AUD 20 per month. The announcement comes on the same day as Foxtel revealed that it acquired Seven West Media's shares in the Presto TV joint venture. The streaming service Presto will be shut down and customers will be invited to transition to the new Foxtel Play packages.
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Foxtel to revamp Foxtel Play and close Presto TV
2016-10-04 01:30:26| Digital TV News
Foxtel has announced a new look Foxtel Play streaming service, which will roll out from December 2016. Presto customers will be asked to move to Foxtel Play and the Presto service will cease on 31 January 2017.
More Australians now have SVOD than Foxtel
2016-09-08 03:00:46| Digital TV News
Whether its dozens of extra channels, streaming on demand, or internet TV through a set-top box, half of Australians now have paid television options in the home, Roy Morgan Research showsand on-demand subscriptions have just overtaken Foxtels broadcast Pay TV.
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Rupert Murdoch's News Corp and Telstra delay $8 billion Foxtel float plans
2016-04-17 16:30:47| Telecom - Topix.net
Rupert Murdoch's News Corporation and Telstra have postponed their planned $8 billion initial public offering of Foxtel until 2017 due to the sheer volume of work that needs to be done to prepare their structurally challenged pay television joint venture for a sharemarket listing. Sources say that plans for an IPO in the second half of 2016, revealed by Fairfax Media in March , have been scrapped, with advisors now working to a less aggressive timetable for the deal including a pre-float merger of Foxtel with Fox Sports, which is owned by News Corp. Telstra, which owns the other 50 per cent of Foxtel, has led the push for an IPO.
News Corp in talks to take control of Foxtel - report
2016-03-23 14:31:00| Telecompaper Headlines
(Telecompaper) News Corp and Telstra, the joint owners of Australian pay-TV service Foxtel, are considering a deal that would reduce Telstra's stake in the venture and take News Corp's to 51 percent, people with knowledge of the matter told Bloomberg. As part of the proposed deal, News Corp would inject its Fox Sports Australia business, a local unit for sports content, into Foxtel and the business may then be publicly listed. The new entity may be valued at as much as AUD 8 billion (USD 6.1 billion), the Australian Financial Review has reported, citing unidentified people. Telstra may eventually sell most of its stake in Foxtel through an initial public offering, retaining a shareholding of around 19 percent, the report said.
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