Rupert Murdoch’s News Corporation has had to lend its 65 percent owned Foxtel $300 million, with the likelihood many more millions will need to be pumped into the business in coming months. Once a jewel in the crown of his local empire, Australia’s only surviving Pay-TV service is in trouble, with a dwindling subscriber base and flatlining revenues. Belatedly, Foxtel is moving to a new business model, with products such as its new sports streaming service Kayo.
As sure as the Sun will rise from the East tomorrow we’ll soon enough be rushing out buying 8K televisions, the next technology upgrade bringing even more ultra-high definition pictures to our screens. When the original high definition TV’s went on the market they were so expensive it took years before they became commonplace in Australian homes. These days more than 90 percent have HDTV’s in some form, and prices have dropped dramatically.
Increasingly, people are watching content delivered via the Internet rather than traditional terrestrial broadcasts. Yet, for many consumers of film and television content our dud NBN means upgrading to the latest HDTV is pointless.