Last week, Rupert Murdoch, executive chairman of News Corporation, highlighted the growing threat to today’s traditional TV models from the new disruptive media model embodied by Netflix and Amazon.
“As an industry, we need a competitor – a serious competitor to Netflix and Amazon,” Murdoch told a conference in California last week.
This statement, and other developments in the US, will have been heard loudly in the headquarters of Foxtel back here in Australia. What will News Corporation, holder of the management rights and joint owner of Foxtel with Telstra, be planning for the only true new media company in the News Corporation part of the old media empire.
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