Basically from later this year Foxtel and Netflix will produce new programming together and Foxtel IQ customers will be able to watch Netflix programming through the on demand section of the IQ box.
Screams of desperation to me…
https://www.news.com.au/entertainment/tv/foxtel-and-netflix-…
Not really. It sounds like they are catering to people that want to access Netflix through their Foxtel box. Make it easier for people to enjoy all entertainment through your box and they are unlikely (well a little bit) to cancel because of frustration.
Although like Netflix has done in other countries with similar deals like this, they are the real winners here as they get to distribute some of Foxtel's locally produced content overseas in other jurisdictions that Foxtel don't syndicate to. So essentially Foxtel users get to use Netflix easier, and Netflix get more "original content" on the cheap. Win-win for them.