Foxtel float plans 'delayed to 2017'
A proposed $8 billion IPO of Foxtel is believed to have been pushed back to 2017, Fairfax media reports. Owners News Corp and Telstra previously planned to list the pay-TV company in the second half of 2016. Negotiations over a new broadband arrangement is reported as the major sticking point holding up a propossed float. Among the plans for the IPO are merging Fox Sports, which is 100% owned by News Coop, with Foxtel.
TV audience decline due to 'Netflix effect'
The Australian Financial Review says OzTAM data shows the impact SVOD services, such as Netflix, is having on free-to-air TV. This year, primetime viewing has fallen by 4.3%, which is being led by the 16-39 age demographic, down 14.8%. However, these figures don't include viewing on catch-up services.
Hayu plagued by technical problems
Hayu's subscription video-on-demand service has been plagued by technical issues, with some Australian users complaining streaming is very slow. Hayu launched earlier this year providing reality TV content from NBC Universal, including shows such as Keeping up with the Kardashians and Made in Chelsea. An NBC Universal spokersperson says the issues are being addressed.
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