Foxtel is undergoing a significant restructure this week, with widespread redundancies taking place across the business.
The changes come less than a month after global sports streaming giant DAZN completed its acquisition of Foxtel.
This restructure marks one of the first major operational shifts under DAZN ownership. While numbers have not been confirmed, the Sydney Morning Herald reported around 100 jobs have gone mainly from marketing and engineering.
Mediaweek understands the redundancies are understood to have included staff from the streaming aggregation business Hubbl.
Confirmation statement
A Foxtel Group spokesperson confirmed the redundancies to Mediaweek saying:
“Our transformation is not new. 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.”
DAZN announced it was buying Foxtel from News Corp and Telstra in December and the sale was completed in early April with Foxtel CEO Patrick Delany saying, “DAZN’s ownership allows the Foxtel Group to remain an Australian-based business, with an Australian team and the sport, drama and entertainment that Australians love.
“As part of DAZN, we now benefit from their global scale, their leading technology platform and their track-record in innovation that will allow us to more effectively compete with the global streaming giants.”
Last week, The Australian Financial Review reported Foxtel had begun reviewing the future of Hubbl, which launched at the start of 2024 after spending more than $150 million.