Notes for Editors: DAZN committed to Australia including maintaining a local head office, local leadership and local sports and entertainment production. Strengthens the Foxtel Group’s ability to continue its transformation and compete with local and international streamers. Provides more international sports for Foxtel and Kayo subscribers and new opportunities to bring Australian sport to DAZN’s […]
Notes for Editors:
- DAZN committed to Australia including maintaining a local head office, local leadership and local sports and entertainment production.
- Strengthens the Foxtel Group’s ability to continue its transformation and compete with local and international streamers.
- Provides more international sports for Foxtel and Kayo subscribers and new opportunities to bring Australian sport to DAZN’s global audience.
- Transaction values the Foxtel Group as a streaming-led business with an enterprise value of A$3.4 billion representing more than 7 x Fiscal 2024 Foxtel EBITDA.
- News Corp and Telstra will remain involved as shareholders in DAZN.*
“We are committed to supporting and investing in Foxtel’s television and streaming services, across both sports and entertainment, using our world-leading technology to further enhance the viewing experience for customers.
DAZN is a global, privately-owned company founded in 2016 with more than 3,000 employees. The Group generated US.2bn in revenue in 2023, having grown its annual revenues by over 50% on average from 2020 to 2023, through diverse revenue streams comprising subscriptions, advertising, sponsorship, and transactional. For more information on DAZN, our products, people, and performance, visit www.dazngroup.com/
The Foxtel Group’s diversified business includes Fox Sports, Australia’s leading sports production company, famous for live sports and shows with the best commentators and personalities. It is also the home of local and global entertainment content and continues to be the partner of choice for the widest range of sports and international content providers based on established, long-term relationships, growing streaming audiences, and position as one of the largest Australian-based subscription television companies.
“We’re looking forward to working closely with Patrick Delany and his team, as well as News Corp and Telstra as shareholders in DAZN, to realise our ambitious vision for the future of sport entertainment.”
News Corp https://investors.newscorp.com…
Images and videos: Hi-res images of Foxtel Group Chair Siobhan McKenna and CEO Patrick Delany, and of DAZN CEO Shay Segev are available here. Video footage from Foxtel is also available via the same link.
“We are grateful to News Corp and Telstra for their unwavering support over the past 30 years. With News Corp’s guidance and support, we have reinvented the Foxtel Group as a growth business with 4.7 million subscribers, a dynamic digital advertising business and strong revenues and EBITDA.
DAZN Foxtel Group Transaction – Key Points
“Foxtel is a successful business that has undergone a remarkable digital transformation in recent years, and we are confident that our global reach and relentless pursuit of innovation will continue to drive the business forward and ensure its long-term success.
As a world-leading sports entertainment platform, DAZN streams over 90,000 live events annually reaching 300 million viewers in owned and operated networks in more than 200 markets worldwide.
About DAZN
“We are pleased that News Corp and Telstra will remain involved with a shareholding in DAZN.”
About the Foxtel Group
“When the transaction completes next year, DAZN’s ownership will provide us with access to global reach and the infrastructure and technology to support our continued transformation and allow us to continue to compete effectively with the global streaming giants.
The Foxtel Group will maintain its head office in Artarmon, ensuring a strong local presence to oversee its sports and entertainment businesses and provide customer service for its key consumer brands – Foxtel, Kayo, BINGE and Hubbl.
“We are also committed to using our global reach to export Australia’s most popular sports to new markets around the world, just as we have done with the NFL, and we will continue to promote women’s and under-represented sports.
“We are excited to be joining the DAZN family and to have them backing the Foxtel Group‘s strategy and our team. It means we will remain a proudly Australian-based business with local character, local management and local sports and entertainment production.
DAZN’s acquisition of the Foxtel Group is expected to close in the second half of fiscal 2025, subject to regulatory approvals and other customary closing conditions.
These can be found at:
For further details please refer to announcements today by News Corp, DAZN and Telstra.
DAZN https://dazngroup.com/
“DAZN is a global leader in sports, and being part of a dynamic global streaming group will create new growth options for the Foxtel Group and new value for subscribers and partners.
DAZN partners with leading pay-TV operators, ISPs and Telcos worldwide to maximise sports exposure to a broad audience. Its partners include Deutsche Telekom, Orange, Sky, Movistar, Telenet, Vodafone, and many more.
DAZN is the home of European football, women’s football, boxing and MMA, and the NFL internationally. The platform features the biggest sports and leagues from around the world – Bundesliga, Serie A, LALIGA, Ligue 1, Formula 1, NBA, Moto GP, and many more, including the 2025 FIFA Club World Cup. DAZN is transforming the way people enjoy sport. With a single, frictionless platform, sports fans can watch, play, buy, and connect live and on demand sports content, anywhere, in any language, on any device – only on DAZN.
The Foxtel Group today welcomed an agreement announced by its shareholders – News Corp and Telstra – that will see DAZN, a premier global sports streaming platform, acquire 100% of the Australian subscription television company.
The Foxtel Group is one of Australia’s leading media companies, with 4.7 million subscribers. Its businesses include subscription television, streaming, sports production and advertising. The Foxtel Group is owned 65% by News Corp and 35% by Telstra.
Telstra https://www.telstra.com.au/abo…
Shay Segev, Chief Executive Officer of DAZN, said: “Australians watch more sport than any other country in the world, which makes this deal an incredibly exciting opportunity for DAZN to enter a key market, marking another step in our long-term strategy to become the global home of sport.
Commenting on the agreement, Foxtel Group CEO Patrick Delany, who will continue as CEO following DAZN’s acquisition, said: “This acquisition is a significant step forward in the Foxtel Group’s transformation as a leading sports and entertainment streaming provider in Australia.
* News Corp will hold a minority equity interest in DAZN of approximately 6% as well as one seat on the DAZN Board. Telstra will take a minority stake in DAZN of approximately 3%.
