Seven was expected to pay about $150 million this year, with production costs of about $20 million.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 television, publishing and digital company is expecting to save between $90 million and $100 million over the remaining three years of its contract, a reduction of between 25 and 28 per cent, according to industry sources. Youtube Share This Article Pay-television operator Foxtel declined to extend its rights deal with Australian rules football league the AFL due to long-running concerns over a clause in the contract concerning free-to-air exposure, it has been reported. "We're very happy to be doing this. Snapchat Share this Stream "He said his network have made "suggestions" about switching the traditional afternoon Grand Final bouncedown to a later timeslot. I hasten to say we have not put any conditions.Telstra boss Andy Penn said the milestone deal would see his company "continuing to provide you with the technology and the digital innovation that is really going to just transform the experience of fans watching AFL footy in the future".The new agreement comes a week after the NRL confirmed a new four-year, $925 million agreement for free-to-air TV coverage with the Nine Network.The rugby league deal has accelerated negotiations for the AFL rights.Nine's deal with the NRL will involve four free-to-air games per week.The NRL hopes its total broadcast rights deal will be worth around $1.7 billion once a pay TV deal is reached.Luke Shuey looks frustrated after coming to the bench with possible hamstring troubleWest Coast captain Luke Shuey and Essendon midfielder Andrew McGrath may not play the…Adelaide coach Matthew Nicks says doubts crept in during the 13-game losing streak…West Coast holds Essendon at bay to boost its hopes of the finals double-chanceAccess All Areas looks at the form spike of Gary Rohan, and why he's be ready to…West Coast captain Luke Shuey and Essendon midfielder Andrew McGrath may not play the…Adelaide coach Matthew Nicks says doubts crept in during the 13-game losing streak…West Coast holds Essendon at bay to boost its hopes of the finals double-chanceMatthew Nicks enjoys his first win in charge at Adelaide as heat starts to rise on…This content is unavailable in your region. Twitter "This is a very significant investment for us. "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. Foxtel has been forced to cut more the 280 jobs in the last three months, and has been working hard to drive down its cost base as it attempts to compete with streaming business such as Netflix, Stan and Amazon Prime Video. The company has stood down more than 200 staff and axed more than 300 jobs in the last few months.Media executives have previously stated that they overpaid for sport, which is considered a loss-making content due to the production costs they incur in addition to rights fees.Foxtel, which contributed about $1.3 billion to the AFL deal in 2015, believes it overpaid, sources previously said.Zoe Samios is a media and telecommunications reporter at The Sydney Morning Herald and The Age.Jake Niall is a Walkley award-winning sports journalist and chief AFL writer for The Age.AFL boss Gillon McLachlan has secured a new deal with broadcasters Seven West Media and Foxtel. Share This Article Foxtel is part owned by Telstra and Rupert Murdoch's News Corporation. Catchup on all the latest action from Stokes also backed Good Friday football: "We'd love to play football every day of the week – Good Friday included. 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. Seven West Media and Foxtel have sealed revised broadcast agreements for the AFL, reducing the value of the current deal by nearly $54 million per season to the end of 2022, less than a hour before the return of Aussie rules with Collingwood v Richmond.It's believed Seven will save around $70 million on AFL rights fees over the next three years, while Foxtel will save around $90 million. The AFL's existing $2.5 billion deal also expires in 2022. AFL boss Gillon McLachlan is expected to drive a harder bargain with the code's commercial broadcasters Seven West Media and Foxtel after its rival the NRL accepted a discount in its television rights extension last week.Under a revised NRL deal announced last Thursday, Nine Entertainment Co reduced the price of its existing TV contract and expects to save about $27.5 million in financial years 2021 and 2022. 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.


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