"With the new deal, Channel Seven will show matches in high definition on free-to-air TV from 2017.But Kerry Stokes revealed the broadcaster would search for ways to broadcast in HD before the next agreement kicks off. • Channel Seven will broadcast matches in HD free-to-air from the start of the new deal in 2017. "The AFL and Seven are a core part of each other’s DNA, and we are delighted to have not only reached a revised agreement for the current contract term, but to have extended our relationship for a further two seasons taking the agreement through until the end of 2024," Mr Warburton said.Seven's revised arrangement will provide further financial relief to the broadcaster, which has been cutting costs to offset the severe decline in advertising revenue caused by the pandemic. Every game of every round live with no-ad breaks during play ; Dedicated 24/7 FOX FOOTY Channel; The biggest names in the game share their opinion and analysis; Watch at … Youtube Foxtel is contributing $1.3 billion of the total, while Seven West Media's contribution is $840 million in cash plus $60 million in contra.The AFL's return will boost Seven's ratings and strengthen Foxtel's subscriber proposition. AFL industry sources said Seven's reduction, excluding production costs, was about $70 million over three years.The AFL will now receive $730 million from Seven over the next five years, an average annual payment of $147 million each year. Western Bulldogs West Coast Eagles

Foxtel has not signed an extension at this stage after signing a five-year extension with the NRL two weeks ago.The deal was inked just ahead of the resumption of the second round of the AFL season on Thursday.Seven will get an $87 million benefit for the remainder of its current broadcast deal with the AFL to the end of 2022, production savings and other benefits, including rights fee discount, and has also secured a further two-year extension on improved terms.Seven, Foxtel and the AFL have been working revised agreements for their $2.5 billion deal, which also included Telstra which had mobile rights, since before the On March 22, the AFL was forced to postpone the men's season and cancel the remainder of the women's season after government restrictions on public gatherings, aimed at stopping the spread of COVID-19, hit sports around the world.

Watch or stream AFL on Foxtel. Share This Article "And if one wants to be the most watched Grand Final in Australia it would seem sensible it might be at twilight. Facebook Credit: AAP Industry sources indicated Foxtel, which is owned by Rupert Murdoch's News Corp and Telstra, will save almost $30 million a year under the existing deal, which will alleviate some of the financial pain caused by the pandemic. The company has since sold its magazine business for $40 million, property in Western Australia, and is also looking to sell off assets includingBut the suspension of sport has also put pressure on codes like the AFL, which"You can't play around the edges on the AFL and the NRL", one industry expert said.The competition restarts on June 11, but sources said there is no immediate rush on Foxtel's end to lock in a revised deal, given paid the second instalment in advance. Share this Stream The company, which is trying to reduce its $541.5 million net debt pile, recently sold its magazines arm for $40 million, its West Australian headquarters for $75 million and axed a large number of roles.Foxtel has lost a large number of subscribers due to the suspension of sport and had been trying to renegotiate to receive compensation for the loss of sponsors and subscribers.

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