Foxtel, freshly under the control of a new master, global sports streaming platform, DAZN, has made a round of staff redundancies.
The streaming and cable platform confirmed redundancies but would not give a number to those leaving.
“Our transformation is not new,” said a Foxtel spokesperson. We have been focussed on efficiency for almost a decade which has seen us successfully transform our business from being a single product pay TV operator to a modern Australian leader in streaming.
“As part of the DAZN Group, we now have the opportunity to continue our transformation and take advantage of their global engineering and services. We are also working with DAZN to share our world-class product and technology expertise.
“This week our teams have had the difficult task of speaking with a number of highly skilled and highly valued people that will leave the Foxtel Group. We are grateful to every team member that has helped us grow the business and put us in the position of strength we are in today.”
The Sydney Morning Herald/The Age said the cuts, of about 100 people, are mostly at Foxtel’s marketing and engineering teams.
DAZN bought Foxtel from News Corp, with a 60% share, and Telstra, in a deal valuing the Australian entertainment cable and streaming business at $3.4 billion.
Ownership transfer was final in early April. Then the integration process was described as phased with Foxtel, which will continue to operate as a standalone business, known as “a DAZN Company”.
Foxtel, Kayo Sports, BINGE, and Hubbl will retain brand identities.
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