News Corp Sells Foxtel to DAZN in $2.1B Streaming Deal

News Corp Sells Foxtel to DAZN in $2.1B Streaming Deal
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Above: Rupert Murdoch's News Corp. headquarters in New York. Image copyright: Scott Eells/Contributor/Bloomberg via Getty Images

The Spin

Narrative A

The deal represents a strategic victory for News Corp. It enables the company to focus on its more profitable core businesses, shed a struggling traditional media asset, and maintain exposure to the growing sports streaming market through its stake in DAZN.

CEO TodayNews Corp

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.

CNNWall Street Journal

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