Freudenstein: Future is not a ‘zero sum game’ between pay-TV and the streaming services
The boss of Foxtel has dismissed concerns within the market that a massive surge in subscriptions for video streaming service Netflix will come at the expense of the pay-TV operator.
Speaking at the Australia Israel Chamber of Commerce, this afternoon, Richard Freudenstein told the audience: “many commentators approach the media market as if it were a zero sum game: Netflix wins, Foxtel loses.
“But as recent Roy Morgan research points out and as a report just published by Citi argues, that’s simply not the case. There will be significant growth for both Foxtel and SVOD services in the coming years.”
The Foxtel chief’s comments come after Mumbrella last week revealed that the pay-TV operator, amid claims of record subscriber growth, had quietly begun including users of streaming service Presto in its subscriber numbers.
It’s a zero sum game for quickflix
Well they’ll need more than just sport. I don’t see how they think they can justify their existence as a subscription service with original commissions like A Place To Call Home.
MCN lulled them into a false sense of revenue security which undermines the product they’re actually meant to be.
He also argued that Foxtel was a premium service – please how?
Lowest level of customer service. Phone system that does everything so you can’t speak to a consult and often having to call 5 times before you get to one.
Repeats of repeats, repeated again a couple of days later. Really, Foxtel need to lift their game
Good luck with that
people don’t watch channels, they watch shows. my kids wouldn;t even know what a channel is. so any service that is channel orientated not show orientated in terms of discovery is doomed.
@lucky Joe You underestimate your kids.