Foxtel is raising subscription prices from March 1, with customers on Platinum and Platinum with Netflix set to pay an extra $2–$3 per month. The price hike comes as the pay-TV giant gears up for rising sports and content licensing costs.
Subscribers were notified of the change on Wednesday afternoon.
The news comes as the streaming service turns its focus to its live sports feature following News Corp’s decision to sell the majority of its stake in the Foxtel Group to global sports streaming leader DAZN Group Limited for an enterprise value of A$3.4 billion. The transaction marks a transformative moment in Australian media, positioning Foxtel as a global player in sports streaming while enabling News Corp to streamline its focus on core growth areas.
Foxtel, under the leadership of CEO Patrick Delany, has evolved into a digital and streaming powerhouse, redefining sports and entertainment consumption in Australia. The deal will integrate Foxtel into DAZN’s extensive portfolio, providing Australian sports fans unparalleled access to global sports programming and exporting Australian sports to international audiences.
“This agreement is a victory for News Corp shareholders, DAZN, and sport fans in Australia and around the world,” said News Corp chief executive Robert Thomson. “Foxtel has been transformed into a genuine digital and streaming leader in Australia, and we believe DAZN is the right owner to take the business to the next level.”
DAZN CEO Shay Segev echoed the enthusiasm, highlighting Australia’s passion for sport as a key driver for the acquisition. “Australians watch more sport than any other country in the world. This deal is an incredibly exciting opportunity for DAZN to enter a key market and marks another step in our strategy to become the global home of sport.”
Meanwhile, the streaming service this week also announced the creation of a new wellness series to be hosted by Ali Daddo.
Gen Well is a 10-part series that will exploring key health topics like sleep, stress, pain management, and women’s health.
Wendy Moore, Foxtel’s Executive Director of Entertainment Content, calls it “a game-changer,” highlighting the collaboration with Amcal to create a show that combines relatable family stories, expert advice, and transformative experiences.
Picture: Foxtel