Amazing they didn't even drop 50% while keeping the price the same. I emailed them and asked if they were going to reduce the monthly price, when they wrote back no I cancelled. Seems like they made the right call based on numbers.
Binge has 185,000 paying subscribers since launching in May.
Total paid subscribers at the end of the fourth quarter for News Corp's subscription video services was 2.777 million, down 12% compared to the year prior
As of June 30, there were 336,000 Foxtel Now subscribers, 313,000 paying, compared to 460,000 subscribers, 446,000 paying, in the year prior.
News Corp says the loss from broadcast and on-demand entertainment services was partially offset by growth in sports streaming platform Kayo, as sporting competitions started to return in late May, and its newly launched on-demand platform Binge.
As of June 30, 2020 there were 465,000 Kayo subscribers, 419,000 paying, compared to 382,000, 331,000 paying, in the year prior. As of August 4, there were 590,000 subscribers, 542,000 paying.
Yep News Corp worldwide has lost over $1 billion.Murdoch the brilliant businessman as he is sold the majority of his businesses to Disney for $60 billion recently so the family is not short of a dollar.
I reckon a lot of the loss making print media will be flogged off or closed down when Rupe dies.