Original article by James Madden
The Australian – Page: 13 & 20 : 1-Oct-21

Pay-TV and streaming group Foxtel currently boasts more than four million customers, and CEO Patrick Delany has told the inaugural strategy day that it aims to lift this to five million within three years. Foxtel will also target annual revenue of $3bn. Delany noted that Foxtel has been transformed from a one-product company several years ago to one with multiple revenue streams as its focus has shifted from traditional linear broadcasting to subscription video-on-demand. Some 53 per cent of Foxtel’s customers now subscribe to one of its streaming services, compared with eight per cent in 2016. Delany also said that the question of an IPO is a matter for Foxtel’s shareholders.

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