Foxtel cries to Senate over “unregulated” global streamers

Foxtel’s streaming services now account for nearly half of the group’s customer base of about four million active subscribers.

Foxtel CEO Patrick Delany has told a Senate estimates hearing that action is needed to reign in the unregulated global streaming providers to ensure that local players can remain competitive:

“Our industry in Australia has been significantly impacted by competition from unregulated global streaming services such as Netflix, Amazon Prime and Disney+”…

“That is not good for any Australian who believes in the importance of local media companies.”

Mr Delany described the large streaming companies as “global, very wealthy streaming organisations”.

To level the playing field, Patrick Delany wants reforms to broadcasting legislation that would reduce mandatory local content from 10% to 5%:

“We would like to have the flexibility to spend the money as we think in this fast-changing market – our subscribers would appreciate the content and secondly to get some flexibility our competitors have and we don’t”.

For mine, the bigger issue is that the Morrison Government’s media Green Paper recommended reducing Foxtel’s local content requirement to 5% in exchange for imposing the same 5% local content requirement on the global streaming giants. If applied, this reform would have likely lifted overall local content provision across the combined platforms, thereby stimulating local jobs and capturing a share of economic rents from these giant, internationally-owned multi-billion-dollar platforms.

However, the Morrison Government’s media bill omitted these global streaming giants, suggesting it has backtracked on the Green Paper’s proposal to implement a universal 5% local content requirement.

This suggests that if the media bill gets passed by the Senate, then overall local content provision could be watered down, which would be a retrograde step.

Unconventional Economist

Comments

  1. MathiasMEMBER

    I use piratebay. Doesnt cost me a cent 🙂

    Research what I want online and download it whenever I want.

    I have no interest in sport. Although the trading guys are trying to get me into a little bit of boxing. That recent boxing match with that Youtube guy vs the Professional Boxer was kind of funny. Turns out the match was fixed ( *raises eyebrows* ). Trust my luck. 8 rounds of dancing and foreplay… no action. I dont think I like sport.

    https://www.youtube.com/watch?v=HTM4Ai7e3fQ

    I mean seriously, who’d pay for this crap? I cant even stand watching it for free.

    Pay for FOXTEL? Pffft. What for? Whats it give that the internet doesnt?

    People must be made of money. I can think of better things to do with money then Foxtel.

    • GeordieMEMBER

      Perth train station has ads for Bilge running endlessly, it seems. No exploitation of public spaces for corporate propaganda here. Carry on.

  2. Easiest way is to tax streamers in inverse to their local content, and give the proceeds to the half that do more than half the average local content.

  3. BubbleyMEMBER

    “Mr Delany described the large streaming companies as “global, very wealthy streaming organisations”.

    Foxtel is owned by Rupert Murdoch’s News Corp, the very definition of a global, very wealthy streaming organisation.

    The hypocrisy runs deep.

  4. turncoatMEMBER

    Just get rid of local content requirements altogether. Ripped from its protective teat the local industry might have a crack at producing something watchable.

      • LabrynthMEMBER

        Local content is made for weirdo’s. Scrolling through any local content on the ABC or SBS is about some Australian family with incest or they are shoving the LGBTQ stuff down your throat. Absolute rubbish produced by artists for artists.

  5. What’s the point of having local “players” if they only have to produce 5% local content?

  6. The Travelling Phantom

    Yea , closing local industries and manufacturing ok..free market
    But foxtel losing to overseas, no!

  7. I’m watching Kayo recently and thing is clapping out, I switch over to a pirate stream of the same thing and it doesn’t skip a beat.

    You’re really not doing yourself any favours, cobber.