Foxtel boost subscribers to 2.8 million, but at a cost

Original article by Dominic White
The Australian Financial Review – Page: 15 : 14-Aug-15

Foxtel has increased its revenue by one per cent in 2014-15. Its profit declined eight per cent. The number of subscribers increased nine per cent to 2.8 million which was the result of the price reduction of Foxtel’s basic package, from $A49 to $A25 a month in November 2014. Foxtel is under competitive pressure from video-on-demand service Netflix whose service costs between $A9 and $A15 a month.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, NETFLIX INCORPORATED, TELSTRA CORPORATION LIMITED – ASX TLS, NEWS CORPORATION – ASX NWS, PRESTO ENTERTAINMENT PTY LTD, CITI AUSTRALIA PTY LTD

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