STREAMING VIDEO – AUSTRALIA

Netflix rival Max rolls out in Australia with bold profit prediction

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Original article by Sam Buckingham-Jones
The Australian Financial Review – Page: 14 & 19 : 1-Apr-25

Warner Bros Discovery’s Max streaming service debuted in an already crowded Australian market on Monday. Warner Bros Discovery executive Jean-Briac Perrette is upbeat about the outlook for the sector, contending that streaming will be a "fantastic business". Perrette expects Max to be profitable in Australia within three years, and he has not ruled out acquisitions in the local market. Much of the HBO content that was previously available on Foxtel’s Binge streaming platform will now exclusively on Max.

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WARNER BROS DISCOVERY INCORPORATED, MAX, HBO, FOXTEL MANAGEMENT PTY LTD, BINGE

AFL fans expected to fork out as Saturday live coverage goes behind paywall in 2025

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Original article by Jack Snape
The Guardian Australia – Page: Online : 19-Feb-25

Foxtel and its Kayo Sports streaming service will have exclusive live broadcasts of AFL matches on Saturdays in Victoria and Tasmania during the 2025 season. The live and exclusive coverage will also apply to the first eight rounds of the home-and-away season in other states, under the new $4.5bn broadcasting rights deal between the AFL, Foxtel and the Seven Network that began this year. Foxtel CEO Patrick Delany is confident that fans will be willing to pay to watch live coverage of AFL matches.

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FOXTEL MANAGEMENT PTY LTD, KAYO SPORTS, AUSTRALIAN FOOTBALL LEAGUE, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM

Optus may sell sports streaming to Nine

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Original article by Zoe Samios
The Australian Financial Review – Page: 11 : 21-Jan-25

Sources have indicated that Optus has sought expressions of interest from potential buyers of its sports streaming platform. Amongst other things, Optus Sport holds the Australian broadcasting rights to the English Premier League and the Women’s Super League. The potential buyers that Optus has approached are said to include Nine Entertainment, which owns the rival Stan Sport streaming service. Optus is believed to be keen to focus on its core telecommunications business amid growing competition in the streaming sector and the rising cost of broadcasting rights.

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SINGTEL OPTUS PTY LTD, OPTUS SPORT, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, STAN SPORT

Former Foxtel chief executive Tonagh to join Nine board

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Original article by Kylar Loussikian
The Australian Financial Review – Page: 13 : 15-Jan-25

Nine Entertainment’s chair Catherine West says media industry veteran Peter Tonagh will be a valuable addition to the group’s board. Tonagh was previously the deputy chairman of the ABC; he is also a former CEO of both News Corp Australia and pay-TV company Foxtel. Nine is also believed to have recruited another former Foxtel executive, Amanda Laing; she is said to be set to be given oversight of Nine’s broadcast operations. Nine’s shares fell by nearly 40 per cent in 2024, although the stock has gained about four per cent so far in 2025.

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NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NEWS CORP AUSTRALIA PTY LTD, FOXTEL MANAGEMENT PTY LTD

Nine shoots higher as investors talk break-up

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Original article by Valerina Changarathil
The Australian – Page: 18 : 8-Jan-25

Nine Entertainment Company’s shares fell by 39 per cent in calendar 2024; however, the stock rose 5.6 per cent t to $1.32 on Tuesday, amid speculation that the diversified media group could be broken up. The recent emergence of Tanarra Capital on Nine’s share register has boosted such speculation; Tanarra is headed by John Wylie, who has successfully advocated for changes at companies such as Lendlease.

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NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, TANARRA CAPITAL PTY LTD

Sneesby had to go: top Nine investor

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Original article by Cameron England
The Australian – Page: 13 & 16 : 13-Sep-24

Nine Entertainment Company has advised that CEO Mike Sneesby will step down at the end of September, after more than three years in the role. Nine’s chief finance and strategy officer Matt Stanton will become acting CEO until the media company appoints a permanent replacement. Reece Birtles from institutional investor Martin Currie says Sneesby’s departure was not unexpected, given the challenges that Nine is facing; they include revenue growth, cultural issues and concerns about its Domain property listings business. Nine’s market capitalisation has fallen below $2bn, compared with more than $5bn when Sneesby became CEO in April 2021.

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NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, MARTIN CURRIE INVESTMENT MANAGEMENT LIMITED

Foxtel, NRL, AFL face US privacy suit

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Original article by Max Mason
The Australian Financial Review – Page: 1 & 19 : 21-Aug-24

Pay-TV group Foxtel has been accused of breaching the US Video Privacy Protection Act by using Meta’s tracking pixel to send targeted advertising to people outside of Australia who subscribe to its streaming video services. The AFL and the NRL have also been named as defendents in two separate class actions, which are being heard by the US District Court of California. The class actions centre on allegations that the Watch AFL and Watch NRL websites use the tracking pixels to send data to Facebook about the content the user is watching, even if they are not logged into the social media site.

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FOXTEL MANAGEMENT PTY LTD, AUSTRALIAN FOOTBALL LEAGUE, NATIONAL RUGBY LEAGUE, DISTRICT COURT OF UNITED STATES

Why this could be Murdoch’s last chance to sell Foxtel

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Original article by Elizabeth Knight
The Sydney Morning Herald – Page: Online : 13-Aug-24

Foxtel had been estimated to be worth between $1.2bn and $2bn when an IPO was being considered in 2021. However, an IPO now appears to be highly unlikely, and selling Foxtel may be the best option for News Corp and Telstra. Foxtel’s traditional pay-TV business now boasts about 1.2 million subscribers, well below the peak of 2.9 million in 2015; retaining as many of these customers as possible could be crucial to getting a decent price for Foxtel, given that they pay an average of $90 per month. Foxtel’s own streaming services Kayo and Binge have much lower monthly revenue per customer, and their subscriber growth is also slowing amid growing competition in the streaming sector.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS, KAYO SPORTS, BINGE

Streaming ad revenue set to eclipse TV

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Original article by Kylar Loussikian
The Australian Financial Review – Page: 17 : 30-Jul-24

A report from PwC notes that revenue across Australia’s media industry has risen to $62.3bn in the last year, although growth in revenue slowed from 6.6 per cent to just 2.8 per cent. Meanwhile, PwC estimates that digital revenue now accounts for 70 per cent of advertising spending in the media sector, compared with 54 per cent in 2019; the firm has also forecast that this will increase to 79 per cent by 2028. PwC in turn expects advertising revenues from traditional TV broadcasts to fall to around $3.5bn by 2028, while revenue from subscription and ‘catch-up’ services is forecast to rise to a similar level within four years.

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PRICEWATERHOUSECOOPERS AUSTRALIA (INTERNATIONAL) PTY LTD

Free TV networks push for anti-siphoning laws to include streaming services

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Original article by Parker McKenzie
The New Daily – Page: Online : 14-May-24

Australia’s free-to-air networks have joined forces to launch the ‘Free for Everyone’ advertising campaign. The networks are urging the federal government to update the nation’s anti-siphoning laws to specifically include streaming services. They argue that the existing laws only guarantee that major sporting events are broadcast on linear TV rather than the streaming platforms of FTA networks, and at present there is nothing to prevent companies such as Netflix from buying the exclusive digital broadcasting rights to flagship events. The networks note that many consumers now watch broadcast TV via the internet rather than using a traditional aerial.

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NETFLIX INCORPORATED