You will be redirected back to your article in seconds

Oz’s Foxtel posts profit

Group's recent growth due to rise in digital subs

Paybox platform Foxtel posted its first full-year profit since pay TV started in Oz in 1995 thanks to strong subscriptions and a lift in revenues.

Group saw an operating profit of A$169 million ($130 million) in 2005/06 against a loss $6.9 million the previous year; net profit was $3 million.

The group’s positive result is based on a recent growth in digital subscribers with 1.13 million subs as of June 30, a rise of 10% over the previous year.

The platform has had a big year. Foxtel joined with Network Ten to ink an output deal with 20th Century Fox Television Distribution, the first joint feevee/free-to-air programming agreement.

Group also has output deals with Buena Vista Television, CBS Paramount, NBC Universal, Warner Bros. and Mark Burnett Prods.

Foxtel has also had local drama success with skein “Love My Way,” which has won kudos and auds for feevee. Third season of “Love My Way” will bow later this year and Foxtel recently announced a new crime drama “Dangerous.”

Foxtel is a joint venture that is 50% owned by telco Telstra; Rupert Murdoch’s News Corp. and Publishing and Broadcasting Ltd. each own 25%.

More Biz

  • Harvey Weinstein ousted

    Weinstein Co. Adds Board Member to Navigate Bankruptcy Sale

    Paybox platform Foxtel posted its first full-year profit since pay TV started in Oz in 1995 thanks to strong subscriptions and a lift in revenues. Group saw an operating profit of A$169 million ($130 million) in 2005/06 against a loss $6.9 million the previous year; net profit was $3 million. The group’s positive result is […]

  • Allison Mack

    'Smallville' Actress Allison Mack Arrested in Sex Cult Case

    Paybox platform Foxtel posted its first full-year profit since pay TV started in Oz in 1995 thanks to strong subscriptions and a lift in revenues. Group saw an operating profit of A$169 million ($130 million) in 2005/06 against a loss $6.9 million the previous year; net profit was $3 million. The group’s positive result is […]

  • Harvey Weinstein

    Harvey Weinstein Still Seeking His Emails to Combat Sexual Assault Claims

    Paybox platform Foxtel posted its first full-year profit since pay TV started in Oz in 1995 thanks to strong subscriptions and a lift in revenues. Group saw an operating profit of A$169 million ($130 million) in 2005/06 against a loss $6.9 million the previous year; net profit was $3 million. The group’s positive result is […]

  • ynon-kreiz

    Media Exec Ynon Kreiz Named CEO of Mattel

    Paybox platform Foxtel posted its first full-year profit since pay TV started in Oz in 1995 thanks to strong subscriptions and a lift in revenues. Group saw an operating profit of A$169 million ($130 million) in 2005/06 against a loss $6.9 million the previous year; net profit was $3 million. The group’s positive result is […]

  • courtney braun

    Courtney Braun Named Head of Legal Affairs for Endeavor

    Paybox platform Foxtel posted its first full-year profit since pay TV started in Oz in 1995 thanks to strong subscriptions and a lift in revenues. Group saw an operating profit of A$169 million ($130 million) in 2005/06 against a loss $6.9 million the previous year; net profit was $3 million. The group’s positive result is […]

  • Randall Stephenson

    AT&T-Time Warner Trial: Randall Stephenson Takes Stand and Defends Merger

    Paybox platform Foxtel posted its first full-year profit since pay TV started in Oz in 1995 thanks to strong subscriptions and a lift in revenues. Group saw an operating profit of A$169 million ($130 million) in 2005/06 against a loss $6.9 million the previous year; net profit was $3 million. The group’s positive result is […]

More From Our Brands

Access exclusive content