Disney+ is likely to introduce live sports content in Australia in a move that could have major implications for the long-running relationship between Foxtel and sports broadcasting giant ESPN.
While Foxtel could retain ESPN content for set-top-box customers, losing access on Kayo could have a significant effect on Foxtel’s streaming business, on top of the imminent entry of HBO’s streaming service Max to the Australian market. “We see declines month after month, year after year, and you get to some point where you have to disrupt yourself, and that’s where we are right now,” Pitaro said last month of broadcast audiences.
And for Foxtel’s Kayo, the top US sporting codes have been pivotal in building a subscriber base alongside the local winter codes as well as cricket and motorsports.They remain particularly important over the summer months during the AFL and NRL off season. The December quarter has typically been the toughest for Kayo since its 2019 launch.
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Saudi Investment Could Seal Foxtel Sale to DAZNFoxtel, Rupert Murdoch's pay TV company, is close to being sold to British streamer DAZN. However, DAZN's financial struggles raise questions about how the acquisition will be funded. A potential solution lies in Saudi Arabian investment through the Public Investment Fund (PIF).
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