Drilling down further reveals how badly Foxtel is being hit by the pandemic.On March 31, it had 408,000 paying subscribers to its Kayo Sports streaming service.That's a loss of a third of its customer base in just four weeks.
For Foxtel, that's half the revenue, while at the same time paying the full cost of programming, such as drama and sport.Kayo and Foxtel Now are $25 a month , while the cheapest cable subscription is $49.For example, Netflix starts at $9.99 a month, Stan is a cent more at $10 a month.Foxtel is not in the same ball-park and it shows in viewer numbers.
"Foxtel has been in decline for the last five to 10 years, but now of course, it's being threatened with extinction," Cox Media founder, Peter Cox, told the ABC. Banks are refusing to lend to the company, and it is only the generosity of its shareholders, and in particular, Rupert Murdoch, that's keeping it afloat.In the days leading up to News Corp's latest profit result, independent telecommunications analyst Paul Budde made a gloomy prediction.
Is any dismayed over news Corp losses due to covid 19 pandemic? HALLELUJAH!
Let people choose their own channels
What amazes me is how stupid are telstra? Surely they realise the rise of streaming services will the be the death of foxtel. They should cut their losses and pull out now.
PCKJ3627 Let us HopU it does.
Who knew? Out of date business model dependent on building subscriptions then taking those subscribers for granted. The ACCC gave them a clear run with monopoly power for a decade
Phone hacking scumbags, impeded the capture of a pedo child killer, lied about dead football fans and misdirected the public on bush fires. I wouldn’t have Foxtel back and don’t spend any money with them, abhorrent organisation.
PCKJ3627 fixed it for you
He may be looking for a new couple of channels, I hear Ita's been helping an old friend with that one.
Anything that hurts Fox is a win for democracy.
Gay Marriage on the Front page of Murdock Rags
rupertmurdoch hooked up under world deep throat JerryHall_, in talks with dennisrodman, On a deal to keep kimjongun_fans hand in western political. Targeting 1st world citizenry of interest to North_KoreaNews hierarchy. Thanks AlanJones AlanJonesMadeMeDoIt IvankaTrump
I hope Murdoch goes broke you know every dog has its day
They are nimble, and will pivot/sack accordingly
As An Australian I am glad that Rupert gave up his Australian citizenship. We don't have to think of him as one of us any more. I pity the USA who gave him citizenship
Not to mention the demise of the Murdoch regional newspapers
Down with Murdoch, down with Foxtel.
BOYCOTT MURDOCHS TRASHIts easier than you think
🤣🤣🤣🤣
As if he cares, hes runs you lot too
us taxpayers have spent millions on this PRIVATE BILLIONAIRE COMPANY!!!!!!!! Why?! So they can charge people $150 A MONTH for a few channels they duplicate 9 times. We don't need 17 weather channels. We don't need Showtime 1, 2, 3, 4, 5 or 6, 7 & 8! Overpriced crap, no ethics!
Murdoch doesn’t actually need Foxtel when he now owns ABCaustralia . Foxtel is just costing him money, so is pointless when he can now dispense his propaganda and the Australian taxpayer pays for it.
Here's a thought. Why doesn't Foxtel & Newscorp apply for $1.1Billion a year taxpayer funding, same as ABCaustralia ? Another thought. Make ABC compete for commercial funding like Foxtel & Newscorp.
Yep. Fake Fox News is the first to go 🙏
Foxtel is the best entertainment subscription in Australia, best live sport and HBO dramas in the land.
Why don’t I start a GoFundMe page for these poor folk? The answer is, I’d prefer to submerge my head fully into a bucket of warm offal.
FOX BEST TV CHANNEL EVER, GREAT NEWS PRESENTERS
I've just dumped Foxtel and feel good about it.
The sooner Murdoch stops writing rubbish and is closed down the better.
Oh no - they’ll have to change their business model of bribing politicians, polluting democracies and destroying nations! A world without Murdochs is a world we need.
I’m happy with my Foxtel - $39 per month for HD Sports is all I wanted.
I wish the same could happen to FOX News in the US.
Foxtel had been handed monopoly powers by the ACCC years ago and behaved like a monopolist for a long time. Australia had the most expensive pay TV system in the world. PARTY IS OVER. No sympathy
Could they just simply close?
MickKime Hope the sad old man goes broke.
Looking forward to Britbox later this year
😂🤣😂👍 get rid of foxtel,a colossal waste of money for customers, very expensive, wirh no real entertainment. Money hungry grubs, hope they go bust
Yeah, like stop pushing Murdoch politics and go back to providing an entertainment and news service. I say go back but I can't remember when it was ever not a powerful political force.
Let American pay the loss, because the c-19 outbreak since June 2019!
Lose the lot, shut it all down and end your agenda. No more Murdoch interference in politics.
No wonder they are still charging for kayosports even though there has been no sport for two months
Maybe ... if you call poisonous anti-democratic propaganda a 'business model'.
They should have been doing that anyway.
One thing doesn't have to worry about. Keep sucking on that taxpayer funded teat.
Foxtel has had years to catch up, remodel and succeed but they chose to keep their heads in the sand. I JUST WANT AFFORDABLE ACCESS TO HBO 🤷🏻♂️
Lol Foxtel was going down the shitter way before the Coronavirus.
Don’t blame the virus for your over price rubbish you have been selling for years.There is better rubbish out there at a better price.
Glad that there is some good news today
I hope he gets it auspol Watergate CrimeMinister ScottyfromMarketing Scovid19 covid19 BinBoyMuller Pell GoldfingerPell RubyDutton Watergate Grassgate
Foxtel is a rio offf and should never have been alowed to dominate Australia!!!!!!
Hasn’t the LNP gov previously given the private corporation millions ?
Will the Chinese Coronavirus force TheirABC to change its business model? Nope. Nobody at the tax hovering ABC has been made redundant or forced onto unpaid leave.
Ideally any business model rethink would be made by administrators.
The only thing that saved foxtel is the millions the government sink into it for “women’s” sport and “regional broadcasting” funds. That’s taxpayers money funding a commercial operation. I hope foxtel sink and sky news goes forever
Cannot wait for Rupe to die. Going to be a big party!
How good would this be? Bolt and the SkyNews RWNJ’s will have no voice to spew out there vile beliefs. skynews BoycottMurdochMedia auspol
Rupe can apply for JobKeeper
You mean they’ll give up Nazism?
Don't blame Coronavirus the only thing that has saved Foxtel is MONOPOLY. They offer no customer service, overpriced pay TV, disgusting content and a system of insuring the subscriber CANNOT contact them.
Foxtel needs to become more competitive, I too have dropped Foxtel & watch Netflix instead. If it matched Netflix price then I’d jump back on again
Coronavirus losses may force newscorp to rethink Fox News Pro-Trump narrative? One can only hope.
So glad I ended my Foxtel subscription.