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The Game Future NRL Stadiums part II

Messages
6,397
Foxtel falling over hahahahahha Foxtel.
Are you really this stupid?

It's well known that Foxtel has over $2 billion worth of debt and is in danger of going out of business. Competition from new streaming services is putting more pressure on the company. If News Ltd stop bailing them out then it's curtains.

Here's an article from the ABC about Foxtel's precarious position.


Is there anything you don't get wrong?
 

morley101

Juniors
Messages
958
From August 2021 in the AFR

Foxtel​


The subscription video services business, which houses Foxtel, increased its revenue by 10 per cent from $US1.8 billion to $2 billion. This reflects a boost from foreign currency fluctuations and $US89 million of higher revenues from Foxtel’s streaming products, Kayo and Binge. The revenue was offset by fewer residential broadcast subscribers to Foxtel.

At June 30, Foxtel’s total closing paid subscribers numbered 3.891 million, up 40 per cent on the prior year, driven by growth in Binge, Kayo and higher commercial subscribers. Of the nearly 4 million subscribers, 1.885 million were residential and commercial broadcast subscribers. The remaining were across Kayo (1.054 million paying subscribers), Binge (733,000 paying) and Foxtel Now (219,000). Foxtel Now’s paying subscribers are down from 313,000 paying in the prior year.

Broadcast average revenue per user (ARPU) for the quarter increased 4 per cent to $81.

“The Foxtel narrative is particularly positive, as our early emphasis on streaming and on securing long‐term, valuable sports and entertainment rights has put the company on a decidedly upward trajectory,” Mr Thomson said.

“The strong growth in the streaming business, which is taking advantage of and successfully monetising existing rights, was evident in the fourth quarter when the number of total paying streaming subscribers was 155 percent higher than at the same time last year.

“We are obviously pleased with the exponential evolution of both Kayo, our sports streaming product, which has rights to Australia’s most popular sports, and Binge, our entertainment streaming service, as they combine world‐class technology, clever user interfaces and high‐quality, compelling content.”


Mr Thomson said it is “worth pausing” to consider how “the Foxtel narrative has changed positively over the past 18 months”.

“Then, we were being asked whether we would need to put extra funds into Foxtel, and now we have options for a growing, thoroughly contemporary business that has a tangible upside. Our immediate task, and that of our team, led admirably by Siobhan McKenna and Patrick Delany, is to keep driving the business, to keep striving, because those options will certainly be enhanced by continued success,” he said.

Last month, Street Talk reported Foxtel was undertaking a feasibility study of sorts to assess the viability of a berth on the ASX boards this year.

Asked about this, Mr Thomson said it was patently clear that the cable TV business had options.

“We’ve got the key sports rights long into the future, we have an absolutely contemporary customer-friendly streaming, platform network. And those systems are another major means of monetising existing rights at no extra costs,” he said.

“We have our broadcast experience that is world-class and is now the village square for video in Australia. And we surely have price elasticity in a market where an ever larger number of people in Australia understand that you pay a premium for premium content.


“These are auspicious circumstances and their confluence, combined with sage leadership from Patrick and Shioban has transformed Foxtel’s fortunes and given us choices.”
 

Tiger Shark

Bench
Messages
2,609
Are you really this stupid?

It's well known that Foxtel has over $2 billion worth of debt and is in danger of going out of business. Competition from new streaming services is putting more pressure on the company. If News Ltd stop bailing them out then it's curtains.

Here's an article from the ABC about Foxtel's precarious position.


Is there anything you don't get wrong?

Probably wouldn't hurt if you didn't post an article that's 20 months old. An article before they released Binge and had only just released Kayo.

2021 Fiscal full year results

Foxtel


Full-year revenues increased $188 million, or 10%, compared with the prior year, reflecting a $217 million, or 12%, positive impact from foreign currency fluctuations and $89 million of higher revenues from Foxtel’s streaming products. The revenue increase was partially offset by the impact from fewer residential broadcast subscribers.

Lower expenses related to entertainment programming, transmission and employee costs were offset by increased investment in streaming products and $35 million of higher sports programming rights and production costs.

As of June 30, 2021, Foxtel’s total closing paid subscribers were 3.891 million, a 40% increase compared to the prior year, primarily due to growth in Binge and Kayo subscribers and higher commercial subscribers, partially offset by lower residential broadcast subscribers



They also rejected a 2.7 Billion dollar offer from a US company in Dec 2020. This was also months after your article.


Doesn't seem like it's doing too badly.
 

Perth Red

Post Whore
Messages
51,165
Interestingly someone tried to buy foxtel in 2020 when it wasn't looking good, would have been interesting to see what the relationship with NRL would have been if someone else took it over. But we are way off stadiums now lol

 
Messages
6,397
Probably wouldn't hurt if you didn't post an article that's 20 months old. An article before they released Binge and had only just released Kayo.

2021 Fiscal full year results

Foxtel


Full-year revenues increased $188 million, or 10%, compared with the prior year, reflecting a $217 million, or 12%, positive impact from foreign currency fluctuations and $89 million of higher revenues from Foxtel’s streaming products. The revenue increase was partially offset by the impact from fewer residential broadcast subscribers.

Lower expenses related to entertainment programming, transmission and employee costs were offset by increased investment in streaming products and $35 million of higher sports programming rights and production costs.

As of June 30, 2021, Foxtel’s total closing paid subscribers were 3.891 million, a 40% increase compared to the prior year, primarily due to growth in Binge and Kayo subscribers and higher commercial subscribers, partially offset by lower residential broadcast subscribers



They also rejected a 2.7 Billion dollar offer from a US company in Dec 2020. This was also months after your article.


Doesn't seem like it's doing too badly.
They're modest gains at best and offset by people unsubscribing from Foxtel to take up the cheaper Binge and Kayo services. Foxtel + Sports Package is 2 or 3 times more expensive than Kayo, depending on the deal offered to the customer, so that's a massive hit Foxtel are taking when a Foxtel customer cuts the cord for Kayo. It takes three Kayo subscriptions to match one Foxtel + Sports package. An increase of 40% customers isn't going to cut it, especially when the source says subscriptions for Foxtel have decreased.

Foxtel have been forced to shed the A-League, Premier League, NBL, Super Rugby, Rugby Four Nations, SA Provincial Rugby, NZ Provincial Rugby, NRC, IndyCars, WRC and a couple of grandslam tennis tournaments to free up money.

Yearly costs for the sports they've shed is significant and helping to aid Foxtel's bottom line.

NBL $15m pa.
Super Rugby/SANZAR $33m pa.
A-League $40m pa.
Premier League $100m pa.

That right there is a saving of $188m pa. Foxtel is spending about $240m pa on NRL, plus a similar amount for AwFuL and plenty on Cricket.

If they don't get their debt sorted then they might be forced to shed one of the big three sports. Murdoch is on the record saying News Ltd prefers AwFuL and always gives them a better deal. They need cricket to retain customers during the summer. That puts our game at risk.

$2b of debt is a lot of money to claw back. Competition from streaming companies will get fiercer. Foxtel isn't out of trouble yet.
 
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Messages
4,100
They're modest gains at best and offset by people unsubscribing from Foxtel to take up the cheaper Binge and Kayo services. Foxtel + Sports Package is 2 or 3 times more expensive than Kayo, depending on the deal offered to the customer, so that's a massive hit Foxtel are taking when a Foxtel customer cuts the cord for Kayo. It takes three Kayo subscriptions to match one Foxtel + Sports package. An increase of 40% customers isn't going to cut it, especially when the source says subscriptions for Foxtel have decreased.

Foxtel have been forced to shed the A-League, Premier League, NBL, Super Rugby, Rugby Four Nations, SA Provincial Rugby, NZ Provincial Rugby, NRC, IndyCars, WRC and a couple of grandslam tennis tournaments to free up money.

Yearly costs for the sports they've shed is significant and helping to aid Foxtel's bottom line.

NBL $15m pa.
Super Rugby/SANZAR $33m pa.
A-League $40m pa.
Premier League $100m pa.

That right there is a saving of $188m pa. Foxtel is spending about $240m pa on NRL, plus a similar amount for AwFuL and plenty on Cricket.

If they don't get their debt sorted then they might be forced to shed one of the big three sports. Murdoch is on the record saying News Ltd prefers AwFuL and always gives them a better deal. They need cricket to retain customers during the summer. That puts our game at risk.

$2b of debt is a lot of money to claw back and Foxtel. Competition from streaming companies will get fiercer. Foxtel isn't out of trouble yet.
That would be an interesting acid test if they had to choose between RL and AFL. Given subscription levels in NSW & QLD, we know which they would choose. Which would then beg the question why we've always been behind when it comes to TV money.
 
Messages
6,397
That would be an interesting acid test if they had to choose between RL and AFL. Given subscription levels in NSW & QLD, we know which they would choose. Which would then beg the question why we've always been behind when it comes to TV money.
Our game always draws the short end of the stick, despite being more valuable to Foxtel. My guess is Foxtel would kick up a media attack on RL to lower its value to something they could afford and cut drama content even further, then pay top dollar to AwFuL.
 

2012....Sharks Year

First Grade
Messages
5,014
I have grave fears for a 4th Queensland club tbh. 2020 and they finished 9th 14th and 15th. 2021 and they finished 8th 14th and 15th. And they want to dilute an already shithouse player pool? Maybe Qld teams should go back to the Queensland Cup…. Would be a fairer match-up. Sharkies announcement next week.👍
 
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Messages
6,397
I have grave fears for a 4th Queensland club tbh. 2020 and they finished 9th 14th and 15th. 2021 and they finished 8th 14th and 15th. And they want to dilute an already shithouse player pool? Maybe Qld teams should go back to the Queensland Cup…. Would be a fairer match-up. Sharkies announcement next week.👍
1/10

All that matters is solvency. There are teams in the Queensland Cup who have more financial clout than the Sharks. Redcliffe are one of them and have signed a massive sponsorship deal with Adventure Kings. Easts Tigers and Wynnum Manly Seagulls are two other clubs that leave the Sharks for dead. Put them in the NRL and you'll see similar sponsorship deals struck.

Aren't the Redcliffe Dolphins making money from leasing Dolphin Oval to the Brisbane Roar and staging concerts?

I wish the four Queensland NRL clubs did get out of the NRL. It wouldn't take long for the NRL to go tits up without Queensland teams bringing money to the broadcast rights. Few people would pay to see a Sydney competition.
 

Ozzi_78

Bench
Messages
4,401
1/10

All that matters is solvency. There are teams in the Queensland Cup who have more financial clout than the Sharks. Redcliffe are one of them and have signed a massive sponsorship deal with Adventure Kings. Easts Tigers and Wynnum Manly Seagulls are two other clubs that leave the Sharks for dead. Put them in the NRL and you'll see similar sponsorship deals struck.

Aren't the Redcliffe Dolphins making money from leasing Dolphin Oval to the Brisbane Roar and staging concerts?

I wish the four Queensland NRL clubs did get out of the NRL. It wouldn't take long for the NRL to go tits up without Queensland teams bringing money to the broadcast rights. Few people would pay to see a Sydney competition.
Correct. All that matters is solvency. Move on to a Sydney club that has less going for them than cronulla. I can think of 3 without even having to look it up. I will leave it to you to do the work since you love the detail. Next time I comment here it will be when further announcements are official. Til then knock yourself out. Please.
 
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