Murdoch's News Corp to sell Foxtel to Britain's DAZN for $2.1 billion
CNBCDEC 2024
News Corp Sells Foxtel to DAZN in $2.1B Streaming Deal
Above: Rupert Murdoch's News Corp. headquarters in New York. Image copyright: Scott Eells/Contributor/Bloomberg via Getty Images
The Spin
Narrative B
Foxtel's traditional premium pricing model has been unsustainable in the streaming era, and DAZN's entry into the Australian market could reshape the pricing landscape with more competitive rates, potentially disrupting the existing sports broadcasting ecosystem.